CARE ratings for Indian debt instruments-Jul 19

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CARE ratings for Indian debt instruments-Jul 19
Credit: © Reuters.

Jul 19 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of July 18, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) -------

----------

------

------- --------- SHORT TERM RATINGS: ------------------- B. Sureshkumar & Co.

ST Bk Fac

CARE A4+

110

Revised from

CARE A4 Dish Tv India Ltd

ST Bk Fac

CARE A1+

820

Revised from

CARE A1 Frontier Springs Ltd

ST Bk Fac

CARE A4+

70

Assigned Fullerton India Home Finance Company Proposed ST debt/ CARE A1+

250

Assigned Ltd.

CP CP (CP) issue Hinduja Foundries Ltd

ST Bk Fac@

CARE BBB (SO) 150

Reaffirmed @ backed by stated intent of support from the Hinduja group companies. Icici Bank Ltd.

CDs

CARE A1+

500000 Reaffirmed Kay Arr Engineering Services

ST Bk Fac

CARE A4

2.5

Assigned Om Shri Sai Baba Construction

ST Bk Fac

CARE A4

40

Assigned Palmar Mills Pvt Ltd

ST Bk Fac

CARE A4+

15

Reaffirmed Rays Power Infra Pvt Ltd

ST Bk Fac

CARE A3

500

Reaffirmed Sab Industries Ltd

ST Bk Fac

CARE A4+

150

Revised from

CARE A4 MEDIUM TERM RATINGS: ------------------- Icici Bank Ltd.

Fixed Deposits

CARE AAA(FD) -

Reaffirmed LONG TERM RATINGS: ------------------- 3B Binani Glassfibre Sarl

LT Bk Fac

CARE BB

16187.8*Reaffirmed ** RBI reference rate 66.33 INR/USD as on March 31, 2016, equivalent to USD 244.05 million 3B Fibreglass Norway As

LT Bk Fac

CARE BB

265.3# Reaffirmed # RBI reference rate 66.33 INR/USD as on March 31, 2016, equivalent to USD 4 million 3B Fibreglass Sprl

LT Bk Fac

CARE BB

751#

Reaffirmed #RBI reference rate 75.10 INR/EUR as on March 31, 2016, equivalent to EUR 10 million Amba Enterprises Ltd

LT Bk Fac

CARE BB+

50

Assigned Dish Infra Services Pvt Ltd

LT Bk Fac

CARE A+

1940

Revised from

CARE A Dish Infra Services Pvt Ltd

NCD issue

CARE A+

2000

Assigned Dish Infra Services Pvt Ltd

NCD issue

CARE A+

1000

Revised from

CARE A Dish Infra Services Pvt Ltd

Long/ST Bk Fac

CARE A+ (SO) 8750.3 Revised from

/CARE A1+

CARE A (SO) /

CARE A1 Dish Infra Services Pvt Ltd

Long/ST Bk Fac

CARE A+ (SO) 5085

Revised from

/CARE A1+

CARE A (SO) Express Warehousing Ltd

LT Bk Fac

CARE BB+

665

Assigned Frontier Springs Ltd

LT Bk Fac

CARE BB+

110

Assigned Fullerton India Home Finance Company Proposed LT debt CARE AA+

1000

Assigned Ltd.

programme Hinduja Foundries Ltd

LT Bk Fac@

CARE BBB (SO) 5952.7 Revised from

CARE BBB- @ backed by stated intent of support from the Hinduja group companies. Icici Bank Ltd.

Lower Tier II

-

3380

Withdrawn

Bonds* *rating assigned to the Lower Tier II Bonds is withdrawn with immediate effect, as the bank has fully repaid the amounts under the said instrument and there is no amount outstanding under the issue Icici Bank Ltd.

Lower Tier II

-

950

Withdrawn

Bonds* *rating assigned to the Lower Tier II Bonds is withdrawn with immediate effect, as the bank has fully repaid the amounts under the said instrument and there is no amount outstanding under the issue Icici Bank Ltd.

Lower Tier II

-

700

Withdrawn

Bonds (erstwhile

Bk of Rajasthan)^ ^rating assigned to the Lower Tier II Bonds of erstwhile Bank of Rajasthan is withdrawn with immediate effect as the bank has fully repaid the amounts under the said instrument and there is no amount outstanding under the issue Icici Bank Ltd.

Lower Tier II

-

500

Withdrawn

Bonds (erstwhile

Bk of Rajasthan)^ ^rating assigned to the Lower Tier II Bonds of erstwhile Bank of Rajasthan is withdrawn with immediate effect as the bank has fully repaid the amounts under the said instrument and there is no amount outstanding under the issue Icici Bank Ltd.

Unsecured

CARE AAA

200000 Reaffirmed

Redeemable LT Bonds Icici Bank Ltd.

Lower Tier II BondsCARE AAA

169590 Reaffirmed Icici Bank Ltd.

Upper Tier II BondsCARE AAA

97500 Reaffirmed Icici Bank Ltd.

Perpetual Bonds

CARE AAA

13010 Reaffirmed Icici Bank Ltd.

Unsecured

CARE AAA

870

Reaffirmed

Redeemable Bonds Icici Bank Ltd.

Unsecured

CARE AAA

14410 Reaffirmed

Redeemable Bonds

(erstwhile ICICI Ltd.) Icici Bank Ltd.

Lower Tier II

CARE AAA

1368

Reaffirmed

Bonds (erstwhile

Bk of Rajasthan) Icici Bank Ltd.

Upper Tier II

CARE AAA

611

Reaffirmed

Bonds (erstwhile

Bk of Rajasthan) Jyotsanaben K. Goswami

LT Bk Fac

CARE B

84.1

Assigned Kay Arr Engineering Services

LT Bk Fac

CARE B+

57.8

Assigned Kirti Agrotech Ltd

LT Bk Fac

CARE BB+

237.5 Assigned Kirti Agrovet Ltd

LT Bk Fac

CARE BB+

494.5 Assigned Kirti Dal Mills Ltd

LT Bk Fac

CARE BB+

900

Assigned Kirti Gold Ltd

LT Bk Fac

CARE BB+

493.8 Assigned Meja Urja Nigam Pvt Ltd

LT- Bk Fac

CARE BBB+

77747.7 Reaffirmed Om Shri Sai Baba Construction

LT Bk Fac

CARE BB-

50

Assigned Palmar Mills Pvt Ltd

LT Bk Fac

CARE BB+

145.8 Reaffirmed Rays Power Infra Pvt Ltd

LT Bk Fac

CARE BBB

500

Revised from

CARE BBB- Rays Power Infra Pvt Ltd

LT/ST Bk Fac

CARE BBB/CARE 1000

Long-term

A3

rating

revised from

CARE BBB- /

Reaffirmed Sab Industries Ltd

LT Bk Fac

CARE BB+

115

Revised from

CARE BB Shree Umiya Cotspin Pvt Ltd

Bk Fac

-

-

Suspended Toyo Engineering India Pvt Ltd

LT /ST Bk Fac- TL CARE A+/CARE 22270 Revised from

A1+

CARE A / CARE

A1 -------------------------------------------------------------------------------------------- $: 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 CARE 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.

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