(Repeating to add more ratings.)
Oct 25 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 24, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Classic Auto Tubes Ltd ST: Fundbased limits ICRA A2+ 7.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Classic Auto Tubes Ltd ST: NonFBL ICRA A2+ 100 -
(Reason for delay in carrying out periodic review: Review process in underway)
Ratedi Wind Power Pvt Ltd ST- FB limits ICRA A4+& 250 -
Placed on ratings watch with developing implications Rating Action
Rinac India Ltd ST: Non-FB Fac ICRA A3+ 300 Reaffirmed
Spa Heights Pvt Ltd ST non-FBL ICRA A4 120 Withdrawn
Suryansh Metal Amp; Alloys Non-fund Based ICRA A4 57 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Laminations Pvt Ltd Non-fund Based ICRA A4 90 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Overseas Non-fund Based ICRA A4 52.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Unichem Laboratories Ltd CP Programme ICRA A1+ 150 -
(Reason for delay in carrying out periodic review: Review process in underway)
LONG TERM RATINGS:
-------------------
Classic Auto Tubes Ltd LT: Fundbased limits ICRA A- 62.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Classic Auto Tubes Ltd LT: TL ICRA A- 510 -
(Reason for delay in carrying out periodic review: Review process in underway)
Classic Auto Tubes Ltd LT: Unallocated limitsICRA A- 278.2 -
(Reason for delay in carrying out periodic review: Review process in underway)
Etesian Urja Ltd LT - TL LT – FB – CC ICRA BB+& 4010 -
LT – Fund based - TL
Placed on ratings watch with developing implications.
&: ratings watch with developing implications
Il&Fs Transportation Networks CP ICRA D 10000 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
Il&Fs Transportation Networks NCDs ICRA D 20000 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
Il&Fs Transportation Networks TL ICRA D 4900 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
Il&Fs Transportation Networks FB Bk limits ICRA D 3200 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
Il&Fs Transportation Networks Preference Share ICRA D 7600 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
Il&Fs Transportation Networks NCDs ICRA D 19635 -
Ltd
(Rating continues to remain under ‘(issuer Not Cooperating)’ category *)
India Carbon Ltd Bk Fac ICRA A- 1000 -
(Stable)
/ICRA A2+
(Reason for delay in carrying out periodic review: Review process in underway)
Jharkhand Infrastructure Fund Based- TL ICRA B 4800 -
Implementation Co. Ltd (Stable);
Rating downgraded from ICRA BB+ (Negative) and continues to remain under ‘(issuer Not
Cooperating)’ category
Karnataka Water And Sanitation TL ICRA 6635 Reaffirmed
Pooled Fund AA-(CE)
Karnataka Water And Sanitation TL ICRA - Withdrawn
Pooled Fund AA-(CE)
Karnataka Water And Sanitation Bond programme^ ICRA AA+ 83 Reaffirmed
Pooled Fund
^The ICRA AA+(Stable) rating was earlier denoted as ICRA AA+(SO) (Stable).
In line with the SEBI guidelines, ICRA has discontinued the use of the (SO)
suffix alongside rating symbols for denoting the ratings of instruments
backed by structural features (such as Escrow and DSRA). The change in
the suffix should not be construed as a change in the rating.
Khandke Wind Energy Pvt Ltd LT - TL ICRA BB-& 6560.9 -
Placed on ratings watch with developing implications Rating Action
Krishna Ishizaki Auto Ltd. LT/ST ICRA]AA- 210 -
Fundbased/Non-FB Fac (Stable)/
ICRA A1+
Reason for delay in carrying out periodic review: Review process is underway
Lalpur Wind Energy Pvt Ltd LT - TL ICRA BB-& 9733.1 -
Placed on ratings watch with developing implications Rating Action.
&: ratings watch with developing implications
Magma Fincorp Ltd TL (Bk) ICRA AA- 20566.7 Assigned
Magma Fincorp Ltd NCD Programme ICRA AA- 3350 outstanding
Mantram Technofab Pvt Ltd LT FB – CC ICRA BB+ 200 Withdrawn
(S)
Mantram Technofab Pvt Ltd LT FB – TL ICRA BB+ 100 Withdrawn
(S)
Matrix Security And Non Fund Based ICRA BB- 100 -
Surveillance Pvt Ltd
Rating downgraded from ICRA BBB- (Stable) and moved to the ‘(issuer Not Cooperating)’ category
Matrix Security And Unallocated ICRA BB- 520 -
Surveillance Pvt Ltd
Rating downgraded from ICRA BBB- (Stable) and moved to the ‘(issuer Not Cooperating)’ category
Matrix Security And Fund Based ICRA BB- 180 -
Surveillance Pvt Ltd
Rating downgraded from ICRA BBB- (Stable) and moved to the ‘(issuer Not Cooperating)’ category
Modern Glass Industries Fund based-TL ICRA D 216.1 -
Downgraded from ICRA BB- (ISSUER NOT COOPERATING)
Modern Glass Industries Fund based-CC ICRA D 100 -
Downgraded from ICRA BB- (ISSUER NOT COOPERATING)
Modern Glass Industries LT/ST – Unallocated ICRA D 3.9 -
Downgraded from ICRA BB- /A4 (ISSUER NOT COOPERATING)
Modern Glass Industries ST – Non-fund Based ICRA D 30 -
Downgraded from ICRA A4 (ISSUER NOT COOPERATING)
Moral Ceramic Pvt. Ltd. FB CC ICRA B+ 40 Reaffirmed
Moral Ceramic Pvt. Ltd. FB TL ICRA B+ 97.5 Reaffirmed
N.A. Construction Pvt. Ltd. BLR ICRA BBB- 1033.7 -
/ ICRA A3
(Reason for delay in carrying out periodic review: Review process in underway)
Ratedi Wind Power Pvt Ltd LT - TL ICRA BB& 5664.2 -
Placed on ratings watch with developing implications
Rideema Toll Bridge Pvt Ltd TL ICRA BB+(SO) 700 Withdrawn
Rideema Toll Bridge Pvt Ltd Non-FBL ICRA 522 Withdrawn
BB+(SO)
Rinac India Ltd LT: FB Fac ICRA BBB 95 Reaffirmed
Shree Cotex CC ICRA B+ 70 -
(Reason for delay in carrying out periodic review: Review process in underway)
Shree Cotex Unallocated ICRA B+ 16.9 -
(Reason for delay in carrying out periodic review: Review process in underway)
Shree Cotex TL ICRA B+ 4.1 -
(Reason for delay in carrying out periodic review: Review process in underway)
Shree Nakoda Global Ltd Bk Fac ICRA B 150 -
(Stable)
/ICRA A4
(Reason for delay in carrying out periodic review: Review process in underway)
Spa Heights Pvt Ltd LT FBL** ICRA B- - Withdrawn
** Sub-limit of short-term non-fund based limit
Spa Heights Pvt Ltd Unallocated limit ICRA 30 Withdrawn
B-/ICRA A4
Sri Adiparashakti Agro Tech LT – Fund based - TL - - Reaffirmed
Sri Adiparashakti Agro Tech LT – FB – CC ICRA B+ 70 Reaffirmed
(Stable)
Sri Adiparashakti Agro Tech LT – Unallocated ICRA B+ 30 -
(Stable)
(Reason for delay in carrying out periodic review: Review process in underway)
Sudarshan Infra Projects Pvt Fund Based ICRA B 58.5 -
Ltd
(Reason for delay in carrying out periodic review: Review process in underway)
Sudarshan Infra Projects Pvt LT/ST - Unallocated ICRA B /A4 6 -
Ltd
(Reason for delay in carrying out periodic review: Review process in underway)
Suryansh Metal Amp; Alloys CC ICRA B 22 -
(Reason for delay in carrying out periodic review: Review process in underway)
Suryansh Metal Amp; Alloys Unallocated ICRA B /A4 21 -
(Reason for delay in carrying out periodic review: Review process in underway)
Tadas Wind Energy Pvt Ltd FB limits ICRA B+& 300 -
Placed on ratings watch with developing implications. &: ratings watch with developing
implications
Tadas Wind Energy Pvt Ltd TL ICRA B+& 9250 -
Placed on ratings watch with developing implications. &: ratings watch with developing
implications
Topline Laminations Pvt Ltd CC ICRA B 57.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Laminations Pvt Ltd Unallocated ICRA B /A4 2.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Overseas CC ICRA B 12 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Overseas TL ICRA B 4.1 -
(Reason for delay in carrying out periodic review: Review process in underway)
Topline Overseas Unallocated ICRA B /A4 41.5 -
(Reason for delay in carrying out periodic review: Review process in underway)
Unichem Laboratories Ltd LT, Fundbased/Non-FB ICRA A+ 300 -
Fac
(Reason for delay in carrying out periodic review: Review process in underway)
Wind Urja India Pvt Ltd LT - TL ICRA B-& 1330.9 -
&: ratings watch with developing implications
--------------------------------------------------------------------------------------------
$: 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)
