(Repeating to add more ratings.)
Nov 14 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 13, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Apollo Tricoat Tubes Non-fund ICRA A1 (SO) - -
based-Working Capital
Fac
Export-Import Bank Of India ST Debt Programme ICRA A1+ 98209.9#Outstanding
# Total limit rated for long-term/short-term certificates of deposit and
short-term debt is Rs. 9820.99 crore; the amount outstanding would not exceed the said limit
Icici Securities Ltd CP ICRA A1+ 15000 Reaffirmed
India Tin Industries Pvt Ltd ST – LOC ICRA A3 95 Withdrawn
Infina Finance Pvt Ltd CP Programme (IPO ICRA A1+ - Withdrawn
Financing)
Infina Finance Pvt Ltd CP Programme ICRA A1+ 7500 Outstanding
Kotak Mahindra Investments Ltd CP Programme (IPO ICRA A1+ - Withdrawn
Financing)
Kotak Mahindra Investments Ltd CP Programme ICRA A1+ 55000 Outstanding
Mahindra Asset Management Mahindra Low Duration ICRA A1+mfs - Withdrawn
Company Pvt Ltd Bachat Yojana
Mahindra Asset Management Mahindra Liquid Fund ICRA A1+mfs - Outstanding
Company Pvt Ltd
Mindspace Business Parks Pvt FBL (optionally ICRA A1 1410 Reaffirmed
Ltd convertible debenture
Facility)
Mindspace Business Parks Pvt NFBL ICRA A1 300 Reaffirmed
Ltd
Naari Pharma Pvt. Ltd. ST – NFBL ICRA A2 (SO) 100 reassigned
from ICRA
A2+ (SO)
Naari Pharma Pvt. Ltd. ST – FBL ICRA A2 (SO) 50 reassigned
from ICRA
A2+ (SO)
Rehber Food Industries Pvt Ltd Non-fund Based ICRA A3+ 9 Reaffirmed
Silica Ceramica Pvt Ltd Non-FBL ICRA A1(SO) 432.5 Reaffirmed
Stovekraft Pvt Ltd Non-Fund Based – ST ICRA A4 250 Withdrawn
1Liya Infratech Pvt Ltd NFB ICRA A4 50 Reaffirmed
Bajaj Finance Ltd CP Programme ICRA A1+ 200000 Outstanding
Kirloskar Ferrous Industries CP ICRA A1+ 1000 Reaffirmed
Ltd
Prism Johnson Ltd FB – Working Capital ICRA A1 800 Reaffirmed
Fac
Prism Johnson Ltd Non-fund based – ICRA A1 1920 Reaffirmed
Working Capital Fac
MEDIUM TERM RATINGS:
-------------------
Export-Import Bank Of India Fixed Deposits MAAA - Outstanding
Programme
Bajaj Finance Ltd FD Programme MAAA - Outstanding
LONG TERM RATINGS:
-------------------
Aerospace Processing India Pvt TL ICRA BBB- 45 Downgraded
Ltd from ICRA BBB
Aerospace Processing India Pvt LT / ST fund based / ICRA BBB- 45 Downgraded
Ltd non-fund based / A3 from ICRA
interchangeable limits BBB / A3+
Apollo Tricoat Tubes Fund based-TL ICRA A (SO) 600 Reaffirmed
Apollo Tricoat Tubes Fund based/Non fund ICRA A (SO) 600 Reaffirmed
based - Working
Capital Fac
Asa International India PTC Series A1 Provisional 117.8 Confirmed as
Microfinance Ltd-Vivriti ICRA A-(SO) final
Moreno 07 2018
Asa International India PTC Series A2 Provisional 5.4 Confirmed as
Microfinance Ltd-Vivriti ICRA BBB(SO) final
Moreno 07 2018
Esr Pune Industrial Park Pvt LT: Unallocated Provisional 2000 Assigned
Ltd ICRA BBB
Esr Warehousing Pvt Ltd LT: Unallocated Provisional 1500 Assigned
ICRA BBB
Export-Import Bank Of India Basel III Compliant ICRA 11000 Outstanding
Additional
Tier-I AA+(hyb)
Bonds
Export-Import Bank Of India LT Bonds Programme ICRA AAA 341449 Outstanding
Export-Import Bank Of India Bk Lines ICRA AAA 30000 Outstanding
Export-Import Bank Of India Certificates of ICRA AAA / 98209.9#Outstanding
Deposit Programme ICRA A1+
# Total limit rated for long-term/short-term certificates of deposit and short-term
debt is Rs. 9820.99 crore; the amount outstanding would not exceed the said limit
Icici Securities Ltd NCDs ICRA AAA 500 Reaffirmed
India Tin Industries Pvt Ltd LT – CC ICRA BBB- 100 Withdrawn
Indian School Finance Company PTC Series A1 Provisional 467.3 Confirmed as
Pvt Ltd-Northern Arc 2018 ICRA A(SO) final
Sbl Agastya
Indian School Finance Company PTC Series A2 Provisional 27.5 Confirmed as
Pvt Ltd-Northern Arc 2018 ICRA BBB(SO) final
Sbl Agastya
Kotak Mahindra Investments Ltd Subordinated Debt ICRA AAA 2000 Outstanding
Programme
Mindspace Business Parks Pvt TL ICRA A+ 11490 Reaffirmed
Ltd
Mindspace Business Parks Pvt Proposed Limits ICRA A+ 2773.2 Reaffirmed
Ltd
Mohan Energy Corporation Pvt FB CC ICRA BB- 20 Revised from
Ltd ICRA BB+
Mohan Energy Corporation Pvt Non-fund Based BG ICRA BB- 810 Revised from
Ltd ICRA BB+
Naari Pharma Pvt. Ltd. TL ICRA BBB 712.5 reassigned
(SO) from ICRA
BBB+
Naari Pharma Pvt. Ltd. LT - FBL ICRA BBB 200 reassigned
(SO) from ICRA
BBB+
Rehber Food Industries Pvt Ltd Fund Based – Working ICRA BBB 450 Reaffirmed
Capital
Rehber Food Industries Pvt Ltd Fund Based – TL ICRA BBB 156.7 Reaffirmed
Rehber Food Industries Pvt Ltd Unallocated ICRA BBB 4.3 Reaffirmed
Samvardhana Motherson NCD Programme ICRA AA- 4000 Reaffirmed
International Ltd
Satin Creditcare Network PTC Series A2 ICRA A-(SO) - Withdrawn
Ltd.-Parkour Ifmr
Capital 2017
Satin Creditcare Network PTC Series A1 ICRA A+(SO) - Withdrawn
Ltd.-Vivriti Aquila 002 2017
Silica Ceramica Pvt Ltd NCD Programme ICRA A-(SO) 500 Reaffirmed
Silica Ceramica Pvt Ltd TL ICRA A-(SO) 750 Reaffirmed
Silica Ceramica Pvt Ltd FB limits ICRA A-(SO) 400 Reaffirmed
Siti Networks Ltd Long-TL ICRA A- 2000 Outstanding
Siti Networks Ltd LT, Non-FBL ICRA A- 750 Outstanding
Siti Networks Ltd LT, FB Limits ICRA A- 250 Outstanding
Siti Networks Ltd Long-TL ICRA AA(SO) 500 Outstanding
SKN- Haryana City Gas FB ICRA BB+& 70.8 -
Distribution Pvt Ltd
ratings put on watch with developing implications
SKN- Haryana City Gas Non-fund Based ICRA BB+& 100 -
Distribution Pvt Ltd
ratings put on watch with developing implications
Spandana Sphoorty Financial PTC Series A ICRA A+(SO) 1405.2 Confirmed as
Ltd-Abhilasha 08 2018 final
Stovekraft Pvt Ltd Fund Based – LT ICRA BB- 845 Withdrawn
Stovekraft Pvt Ltd Unallocated – LT ICRA BB- 145 Withdrawn
1Liya Infratech Pvt Ltd CC ICRA BB 200 Reaffirmed
1Liya Infratech Pvt Ltd TL ICRA BB 10 Reaffirmed
Bajaj Finance Ltd NCD Programme ICRA AAA - Withdrawn
Bajaj Finance Ltd NCD Programme ICRA AAA 13100 Outstanding
Bajaj Finance Ltd Subordinated Debt ICRA AAA 12783 Outstanding
Programme
Kirloskar Ferrous Industries Unallocated - - -
Ltd
Kirloskar Ferrous Industries TL ICRA AA- 600 Reaffirmed
Ltd
Kirloskar Ferrous Industries FBF ICRA AA- / 4550 Reaffirmed
Ltd ICRA A1+
Kirloskar Ferrous Industries NFBF ICRA AA- / 6900 Reaffirmed
Ltd ICRA A1+
Prism Johnson Ltd NCD Programme ICRA A- 2800 Reaffirmed
Prism Johnson Ltd NCD Programme ICRA A- - Withdrawn
Prism Johnson Ltd FB-TL ICRA A- 10805 Reaffirmed
Prism Johnson Ltd FB – Working Capital ICRA A- 2979 Reaffirmed
Fac
Prism Johnson Ltd FB – Working Capital ICRA A- / 400 Reaffirmed
Fac ICRA A1
Prism Johnson Ltd Non-fund based – ICRA A- / 1100 Reaffirmed
Working Capital Fac ICRA A1
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected
ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.
BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
