October 19, 2018 / 9:24 AM / in 7 months

RPT-ICRA ratings for Indian debt instruments-Oct 19

 (Repeating to add more ratings)
    Oct 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 18, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ambience Interiors Pvt Ltd              Non-fund based        ICRA A3+     300     Reaffirmed
Hindustan Media Ventures Ltd            CP Programme          ICRA A1+     4000    Reaffirmed
Indian Railway Finance                  ST borrowing programmeICRA A1+     150000  Reaffirmed
Corporation Ltd.
    
LONG TERM RATINGS:
-------------------
Ambience Interiors Pvt Ltd              FB - CC               ICRA BBB     200     Reaffirmed
Avenues Pharmaceuticals                 LT – Fund based       ICRA BB+     170     -
Associates
(Issuer delayed in giving information)
Hindustan Media Ventures Ltd            Long- term Borrowing  ICRA AA+     250     Reaffirmed
                                        Programme
Indian Railway Finance                  LT borrowing          ICRA AAA     549400  Assigned
Corporation Ltd.                        programme FY2019
Indian Railway Finance                  Previous year LT      ICRA AAA     1801300 Reaffirmed
Corporation Ltd.                        borrowing programmes
L&T Halol Shamlaji Tollway Ltd          TL                    ICRA D       5773.7  Reaffirmed
Serendipity Buildtech Pvt Ltd           Fund Based            ICRA BBB     310     Assigned
Snam Abrasives Pvt Ltd                  LT – FB – CC          ICRA BBB+    100     Reaffirmed
                                                              (SO)
Snam Abrasives Pvt Ltd                  LT – FB – TL          ICRA BBB+    53.4    Reaffirmed
                                                              (SO)
Surya Vikas Plywood Ltd                 LT fundbased limits   ICRA B-      475.4   -
(Issuer not cooperating)
Surya Vikas Plywood Ltd                 Unallocated           ICRA B-      24.6    -
(Issuer not cooperating)
V.K. Gopal                              LT – Fund based       ICRA B       95      -
(Issuer not cooperating)
Visage Holdings & Finance Pvt.          NCD Programme         ICRA BBB-    190     Assigned
Ltd.
Visage Holdings & Finance Pvt.          NCD Programme         ICRA BBB-    320     outstanding
Ltd.
Visage Holdings & Finance Pvt.          Bk Fac                ICRA BBB-    500     outstanding
Ltd.
--------------------------------------------------------------------------------------------
$: 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)
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