October 22, 2018 / 11:27 AM / in 25 days

RPT-ICRA ratings for Indian debt instruments-Oct 22

 (Repeating to add additional ratings as of October 19, 2018)
    Oct 22 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 19, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
IIFL Wealth Finance Ltd                 CP programme (IPO     ICRA A1+     -       Withdrawn
                                        financing)
IIFL Wealth Finance Ltd                 CP programme          ICRA A1+     55000   outstanding
IIFL Wealth Management Ltd              CP programme (IPO     ICRA A1+     -       Withdrawn
                                        financing)
IIFL Wealth Management Ltd              CP programme          ICRA A1+     5000    outstanding
IL&FS Securities Services Ltd           CP programme          ICRA A1+&    12000
placed under watch with developing implications
Il&Fs Securities Services Ltd           ST Bk lines           ICRA A1+&    3500
placed under watch with developing implications
Jassmine Enterprises                    ST – Fund Based       ICRA D       60      Downgraded
                                                                                   from ICRA A4
(Issuer Not Cooperating),Continues to remain under NDS Non-cooperation
Ksb Ltd                                 ST – FB               ICRA A1+     566     Reaffirmed
Ksb Ltd                                 ST – Non-fund based   ICRA A1+     1510    Reaffirmed
Pragya Securities Pvt Ltd               ST fund based Bk linesICRA A3      30      Reaffirmed
Pragya Securities Pvt Ltd               ST non-fund based Bk  ICRA A3      150     Reaffirmed
                                        lines
Ravi Microns Llp                        BG                    ICRA A4      8       Assigned
Shapoorji Pallonji Oil And Gas          CP                    Provisional  2000    Reassigned
Pvt Ltd                                                       ICRA A1+(SO)         from ICRA A1
G N Altech                              Non-fund Based Forex  ICRA A4+     20
                                        exchange exposure
Upgraded from ICRA A4

LONG TERM RATINGS:
-------------------
IIFL Wealth Finance Ltd                 NCD programme         ICRA AA      3000    outstanding
IIFL Wealth Finance Ltd                 Unsecured NCD         ICRA AA      6500    outstanding
                                        programme
IIFL Wealth Finance Ltd                 LT principal          PP-MLDICRA   27500   outstanding
                                        protected market      AA
                                        linked debenture programme
IIFL Wealth Finance Ltd                 LT principal          PP-MLDICRA   5000    outstanding
                                        protected market      AA
                                        linked debenture programme
IIFL Wealth Management Ltd              Secured NCD programme ICRA AA      1000    outstanding
Jai Maakali Fish Farms Pvt Ltd          CC                    ICRA D       450     Revised from
                                                                                   ICRA B-
(Issuer Not Cooperating)
Jassmine Enterprises                    LT – Fund Based CC    ICRA D       100     Downgraded
                                                                                   from ICRA BB-
(Issuer Not Cooperating),Continues to remain under NDS Non-cooperation
Ksb Ltd                                 LT – FB               ICRA AA      91.5    Reaffirmed
Ravi Microns Llp                        TL                    ICRA B+      90      Assigned
Ravi Microns Llp                        CC                    ICRA B+      40      Assigned
Shapoorji Pallonji Oil And Gas          Non-FBL               ICRA AA-(S)  -       Outstanding
Pvt Ltd                                                       / ICRA
                                                              A1+(S)
Shapoorji Pallonji Oil And Gas          Non-FBL               Provisional  -       Outstanding
Pvt Ltd                                                       ICRA AA-(S)
                                                              / Provisional ICRA A1+(S)
G N Altech                              FB TL                 ICRA BB      0.8
Upgraded from ICRA BB-
G N Altech                              FB CC                 ICRA BB      26
Upgraded from ICRA BB-
G N Altech                              Unallocated limit     ICRA BB/ A4+ 23.7
Upgraded from ICRA BB- /A4
Sonata Finance Pvt Ltd- Aruvi           PTC Series A1         ICRA A(SO)   135.7   Reaffirmed
Ifmr Capital 2017
Sonata Finance Pvt Ltd- Aruvi           PTC Series A2         ICRA BBB(SO) 17.3    Reaffirmed
Ifmr Capital 2017
Sonata Finance Pvt Ltd-                 PTC Series A1         ICRA A+(SO)  39.6
Ellaria Northern Arc 2018
Upgraded from ICRA A(SO)
Sonata Finance Pvt Ltd-                 PTC Series A2         ICRA BBB(SO) 15.5
Ellaria Northern Arc 2018
Upgraded from ICRA BBB-(SO)
Sonata Finance Pvt Ltd-                 PTC Series A1         ICRA A-(SO)  371.7   Reaffirmed
Vivriti Casemiro 005 2018
Sonata Finance Pvt Ltd-                 PTC Series A2         ICRA BBB(SO) 7.7     Reaffirmed
Vivriti Casemiro 005 2018
Sonata Finance Pvt Ltd-                 PTC Series A1         ICRA A-(SO)  131     Reaffirmed
Vivriti Delph 006 2018

--------------------------------------------------------------------------------------------
$: 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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