October 3, 2018 / 11:25 AM / 7 months ago

RPT-ICRA ratings for Indian debt instruments-Oct 3

 (Repeating to add more ratings)
    Oct 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 1, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ashley Alteams India Ltd                ST FB Fac             ICRA A3+     300     Upgraded
                                                                                   from ICRA A3
Ashley Alteams India Ltd                ST non-FB Fac         ICRA A3+     -       Upgraded
                                                                                   from ICRA A3
Ashley Alteams India Ltd                ST sublimit Fac       ICRA A3+     -       Upgraded
                                                                                   from ICRA A3
Ashley Alteams India Ltd                ST unallocated limits ICRA A3+     50      Upgraded
                                                                                   from ICRA A3
Action Construction Equipment           CP                    ICRA A1+     250     Assigned
Ltd
Anant Rice Industries                   Non-FBL – BG          ICRA A4      25      Rreaffirmed
Coastal Marine Construction             ST Non-FBL            ICRA A1+     3100    Reaffirmed
And Engineering Ltd
Deepak Nitrite Ltd                      CP programme          ICRA A1+     2000    Assigned
                                                                                   /Outstanding
Deepak Nitrite Ltd                      Non-FBL               ICRA A1+     1700    Outstanding
Fine Wood Products Pvt Ltd              Non-fund Based        ICRA A3      150     Assigned
Fullerton India Credit Co. Ltd          CP programme          ICRA A1+     35000   Assigned
                                                                                   /Outstanding
Fullerton India Credit Co. Ltd          ST debt programme     ICRA A1+     10000   Outstanding
Hira Power & Steels Ltd                 Non-FB - LOC          ICRA A4      1125    Upgraded
                                                                                   from ICRA D
Hira Power & Steels Ltd                 Non-FB – Forward      ICRA A4      60      Upgraded
                                        Contract                                   from ICRA D
Hll Biotech Ltd                         ST, Non-fund based    ICRA A3(S)   -       Downgraded
                                                                                   from ICRA
                                                                                   A2(S)
Hughes Network Systems India            Non-fund Based -      ICRA A2      110     Reaffirmed
Ltd                                     Working Capital Fac
Hughes Network Systems India            Unallocated Bk limits ICRA A2      25      Reaffirmed
Ltd
Il&Fs Transportation Networks           FB Bk limits          ICRA D       3200    Downgraded
Ltd                                                                                from ICRA A4
(Issuer Not Cooperating)
Il&Fs Transportation Networks           CP                    ICRA D       10000   Downgraded
Ltd                                                                                from ICRA A4
(Issuer Not Cooperating)
Ratedi Wind Power Pvt Ltd               ST- FB limits         ICRA A2+     250     Reaffirmed
 
LONG TERM RATINGS:
-------------------
Ashley Alteams India Ltd                LT TL                 ICRA BBB     325     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Ashley Alteams India Ltd                LT FB Fac             ICRA BBB     450     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Ashley Alteams India Ltd                LT sublimit Fac       ICRA BBB     -       Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Ashley Alteams India Ltd                LT unallocated limits ICRA BBB     125     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Anant Rice Industries                   FB Limit – CC         ICRA B+      45^     Reaffirmed
^Rs. 2.00 crore is interchangeable to bank guarantee
Anant Rice Industries                   FB Limit – TL         ICRA B+      3.5     Reaffirmed
Anant Rice Industries                   Unallocated Limits    ICRA B+      46.5    Reaffirmed
Bagmane Developers Pvt Ltd              LT – TL               ICRA A+      27772.6 Reaffirmed
Bagmane Developers Pvt Ltd              LT - Unallocated      ICRA A+      2227.4  Reaffirmed
                                        limits
Coastal Marine Construction             LT (LT) Fund Based-TL ICRA A+      450     Reaffirmed
And Engineering Ltd
Coastal Marine Construction             LT (LT) Fund Based-CC ICRA A+      400     Reaffirmed
And Engineering Ltd
Ctrls Datacenters Ltd                   LT/ST Fund based/Non  ICRA A/ICRA   -       -
                                        Fund based            A1
Deepak Nitrite Ltd                      TL                    ICRA A+      4260    Outstanding
Deepak Nitrite Ltd                      FBL                   ICRA A+      3000    Outstanding
Deepak Nitrite Ltd                      Fund & non-FBL        ICRA A+      2000    Outstanding
                                        (Interchangeable)
Fine Wood Products Pvt Ltd              FB - CC               ICRA BBB-    150     Assigned
Fine Wood Products Pvt Ltd              FB - TL               ICRA BBB-    30      Assigned
Fine Wood Products Pvt Ltd              Issuer Rating         ICRA BBB-    -       Assigned
Fullerton India Credit Co. Ltd          LT Bk lines           ICRA AAA     80000   Outstanding
Fullerton India Credit Co. Ltd          Issuer Rating         ICRA AAA     -       Outstanding
Fullerton India Credit Co. Ltd          NCD programme         ICRA AAA     41040   Outstanding
Fullerton India Credit Co. Ltd          Subordinated debt     ICRA AAA     8880    Outstanding
                                        programme
Hira Power & Steels Ltd                 FB - CC               ICRA B+      500     Upgraded
                                                                                   from ICRA D
Hira Power & Steels Ltd                 FB - TL               ICRA B+      740     Upgraded
                                                                                   from ICRA D
Hll Biotech Ltd                         LT, TL                ICRA BBB-(S) 3090    Downgraded
                                                                                   from ICRA
                                                                                   BBB+(S)
Hll Medipark Ltd                        LT, Proposed Bk Fac   Provisional  750     Downgraded
                                                              ICRA BBB-(S)         from
                                                                                   Provisional
                                                                                   ICRA BBB+(S)
Il&Fs Transportation Networks           NCDs                  ICRA D       20000   Downgraded
Ltd                                                                                from ICRA BB
(Issuer Not Cooperating)
Il&Fs Transportation Networks           TL                    ICRA D       4900    Downgraded
Ltd                                                                                from ICRA BB
(Issuer Not Cooperating)
Il&Fs Transportation Networks           Preference Share      ICRA D       7600    Downgraded
Ltd                                                                                from ICRA BB-
(Issuer Not Cooperating)
Il&Fs Transportation Networks           NCDs                  ICRA D       17645   Revised from
Ltd                                                                                ICRA BB(SO)
(Issuer Not Cooperating)
Il&Fs Transportation Networks           NCDs                  ICRA D       1990    Revised from
Ltd                                                                                Provisional
                                                                                   ICRA BB(SO)
(Issuer Not Cooperating)
Il&Fs Transportation Networks           NCDs                  ICRA D       -       Revised from
Ltd                                                                                Provisional
                                                                                   ICRA BB(SO)
(Issuer Not Cooperating)
Khandke Wind Energy Pvt Ltd             TL                    ICRA A       6560.9  Reaffirmed
Padmashree Inc                          LT FB CC              ICRA BB      300     Reaffirmed
Radhekrishna Cotton Industries          CC                    ICRA BB-     70      Assigned
Radhekrishna Cotton Industries          TL                    ICRA BB-     4.3     Assigned
Ratedi Wind Power Pvt Ltd               LT - TL               ICRA A-      5664.2  Reaffirmed
Seedworks International Pvt Ltd         Unallocated limits    ICRA BBB     250     Assigned
                                                              (Stable) /
                                                              ICRA A3+
Sundaram Finance Ltd -Shri              PTC Series A          Provisional  10369.5 Assigned
Trust Y 2019                                                  ICRA AAA(SO)
Sunworld Residency Pvt Ltd              FB / TL               ICRA D       900     Reaffirmed
Tadas Wind Energy Pvt Ltd               FB limits             ICRA A-      300     Reaffirmed
Tadas Wind Energy Pvt Ltd               TL                    ICRA A-      9250    Reaffirmed
Venus India Asset-Finance Pvt.          LT - TL               ICRA BBB     550     Assigned
Ltd
Venus India Asset-Finance Pvt.          Proposed Limits       ICRA BBB     3950    Assigned
Ltd
East Hyderabad Expressway Ltd           Fund based-TL         ICRA D       1194.9  Downgraded
                                                                                   from ICRA BB
ISSUER NOT COOPERATING
--------------------------------------------------------------------------------------------
$: 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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