September 12, 2019 / 10:17 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Sep 12

 (Repeating to add more ratings.)
   Sep 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 11, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
General Import Company (India)          Non-fund based – LOC  ICRA A4      150     Withdrawn
Pvt Ltd
Siewert And Dholakia Overseas           ST - Non-fund Based   ICRA A4+     2       Reaffirmed
Pvt Ltd
Tata International Dlt Pvt Ltd          ST, Non-FB Fac        ICRA A1@     30      Outstanding
@: Ratings under watch with negative implications

LONG TERM RATINGS:
-------------------
Aadarsh Extrusion Pvt. Ltd.             CC                    ICRA D       35      Downgraded
                                                                                   from ICRA
                                                                                   B(Stable)
Aadarsh Extrusion Pvt. Ltd.             TL                    ICRA D       19.5    Downgraded
                                                                                   from ICRA
                                                                                   B(Stable)
Aadarsh Extrusion Pvt. Ltd.             Unallocated Limits    ICRA D       15      Downgraded
                                                                                   from ICRA
                                                                                   B(Stable)/A4
Amalgam Steel Pvt Ltd                   TL                    ICRA BBB+    1250    Assigned /
                                                              (Stable)             Outstanding
Amalgam Steel Pvt Ltd                   CC                    ICRA BBB+    1470    Assigned /
                                                              (Stable)             Outstanding
Amalgam Steel Pvt Ltd                   LT Non-fund based     ICRA BBB+    90      Assigned
                                                              (Stable)
Honest Derivatives Pvt Ltd              -                     -            -       Moved to the
                                                                                   ISSUER NOT
                                                                                   COOPERATING 
                                                                                   category
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Shri Tradco Deesan Pvt Ltd              -                     -            -       Moved to the
                                                                                   ISSUER NOT
                                                                                   COOPERATING 
                                                                                   category
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Shri Tradco India Pvt Ltd               -                     -            -       Moved to the
                                                                                   ISSUER NOT
                                                                                   COOPERATING 
                                                                                   category
(Due to non submission of monthly ‘No Default Statement’ (“NDS”) by the entity.)
Siewert And Dholakia Overseas           LT - Fund Based/CC    ICRA         62.4    Reaffirmed
Pvt Ltd                                                       BB+(Stable)
Tata International Dlt Pvt Ltd          Long-TL               ICRA A@      115     Outstanding
@: Ratings under watch with negative implications
Tata International Dlt Pvt Ltd          LT, FB Fac            ICRA A@      225     Outstanding
@: Ratings under watch with negative implications
Tata International Dlt Pvt Ltd          LT / ST, Fundbased /  ICRA A@ /    200     Outstanding
                                        Non-FB Fac            ICRA A1@
@: Ratings under watch with negative implications
Tidong Power Generation Pvt Ltd         LT fund based /       ICRA A-      4200    Assigned
                                        non-fund based        (CE)
                                                              (Stable)
Tidong Power Generation Pvt Ltd         FB TL                 ICRA A+      5600    Assigned
                                                              (CE)
                                                              (Stable)
--------------------------------------------------------------------------------------------
$: 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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