ICRA ratings for Indian debt instruments-Apr 17

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ICRA ratings for Indian debt instruments-Apr 17
Credit: © Reuters.

Apr 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of April 16, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Aditya Birla Finance Ltd

CP Programme (IPO

ICRA A1+

50000 Assigned

financing) Aditya Birla Finance Ltd

CP programme

ICRA A1+

120000 Outstanding B & A Packaging India Ltd.

Non-FBL – LOC

ICRA A3

87.5

Assigned B & A Packaging India Ltd.

Non-FBL – BG

ICRA A3

2

Assigned Bg Fastening And Engineering

ST fund based

ICRA A4+

60

Assigned Industries Pvt Ltd Bg Fastening And Engineering

ST Non-fund based

ICRA A4+

98

Assigned Industries Pvt Ltd Bti Payments Pvt Ltd

FB Fac – ST

ICRA A1 (SO) 4350

Outstanding Cooldeck Industries Pvt Ltd

ST Non-fund Based - ICRA A4

30

Reaffirmed

LOC Kbk Chem Engineering Pvt Ltd

ST – Non Fund Based ICRA A4

173.5 - Rating continues to remain in the ‘(Issuer Not Cooperating)' category Reva Proteins Ltd

ST – Non-fund based ICRA A2 (SO) 20

Withdrawn Reva Proteins Ltd

ST – Non-fund based ICRA A2 (SO) -

Withdrawn

(sublimit) Sharekhan Bnp Paribas

CP Programme (IPO

ICRA A1+

20000 Assigned Financial Services Pvt Ltd

Financing) Sharekhan Bnp Paribas

CP Programme

ICRA A1+

10000 Outstanding Financial Services Pvt Ltd Shri Damodar Yarn

ST Non FB limit

ICRA A4+

80

Downgraded Manufacturing Pvt Ltd

from ICRA A3 Shri Damodar Yarn

ST FB limit

ICRA A4+

-

Downgraded Manufacturing Pvt Ltd

from ICRA A3 Starlite Lighting Ltd

ST- Non FB limits

ICRA

100

Outstanding

A1+(SO)^ ^The rating is principally based on a corporate guarantee from Bajaj Electricals (NS: BJEL ) Limited and an undertaking provided by the guarantor that it would ensure that the related debt obligations are serviced on or prior to the due date. Tata Asset Management Ltd

Tata Money Market

ICRA A1+mfs -

Reaffirmed

Fund (erstwhile Tata

Liquid Fund) Tata Asset Management Ltd

Tata Liquid Fund

ICRA A1+mfs -

Reaffirmed

(erstwhile Tata Money

Market Fund) LONG TERM RATINGS: ------------------- Aditya Birla Finance Ltd

Perpetual debt

ICRA AA+

7000

Outstanding

programme Aditya Birla Finance Ltd

NCD programme

ICRA AAA

-

Withdrawn Aditya Birla Finance Ltd

Retail NCD programme ICRA AAA

50000 Outstanding Aditya Birla Finance Ltd

NCD programme

ICRA AAA

187634 Outstanding Aditya Birla Finance Ltd

Unsecured NCD

ICRA AAA

15000 Outstanding

programme Aditya Birla Finance Ltd

Subordinated debt

ICRA AAA

25000 Outstanding

programme Aditya Birla Finance Ltd

Bk lines

ICRA

238830 Outstanding

AAA/ICRA A1+ Aptus Value Housing Finance

PTC Series A2

ICRA A+(SO) 279.8 Final Rating India Ltd –Vivriti Gryffindor 02 2019 Aptus Value Housing Finance

PTC Series A1

ICRA AA+(SO) 396.4 Final Rating India Ltd –Vivriti Gryffindor 02 2019 B & A Packaging India Ltd.

FB Limit – CC

ICRA BBB-

105

Assigned B & A Packaging India Ltd.

FB Limit – TL

ICRA BBB-

5.1

Assigned B & A Packaging India Ltd.

Unallocated Limits

ICRA BBB-

50.4

Assigned Bg Fastening And Engineering

LT fund based- TL

ICRA BB

49

Assigned Industries Pvt Ltd Bg Fastening And Engineering

LT fund based- CC

ICRA BB

75

Assigned Industries Pvt Ltd Bg Fastening And Engineering

LT unallocated

ICRA BB

68

Assigned Industries Pvt Ltd Bti Payments Pvt Ltd

TL

ICRA BBB(SO) 750

Outstanding Cooldeck Industries Pvt Ltd

LT FB - CC

ICRA B+

70

Reaffirmed Cooldeck Industries Pvt Ltd

LT Non-fund Based - BGICRA B+

15

Reaffirmed Cooldeck Industries Pvt Ltd

Unallocated

ICRA

39

Reaffirmed

B+/ICRA A4; Fincare Business Services Ltd

PTC Series A2

ICRA A(SO) -

Withdrawn (Erstwhile Future Financial Servicess Pvt Ltd) Fincare Business Services Ltd

PTC Series A1

ICRA AA(SO) -

Withdrawn (Erstwhile Future Financial Servicess Pvt Ltd) Guru Kirana Motors

LT FB TL

ICRA B

40

- (Issuer Not Cooperating) Guru Kirana Motors

LT FB TL

ICRA B

20

- (Issuer Not Cooperating) Kbk Chem Engineering Pvt Ltd

LT – Fund Based – CC ICRA C

150

- Rating continues to remain in the ‘(Issuer Not Cooperating)' category Magus Metals Pvt Ltd

Fund Based TL Limits ICRA C+

19

- Rating continuous to remain under ‘(Issuer Not Cooperating)' category Magus Metals Pvt Ltd

Unallocated Limits

ICRA C+

11

- Rating continuous to remain under ‘(Issuer Not Cooperating)' category Magus Metals Pvt Ltd

Fund Based CC Limits ICRA D

80

- (Issuer Not Cooperating) Maharaja Agrasen Technical

LT - FB – TL

ICRA BBB+

510

Reaffirmed Education Society Maharaja Agrasen Technical

LT – Unallocated

ICRA BBB+

20

Reaffirmed Education Society Midland Microfin Ltd

PTC Series A1

Provisional 248.1 Final Rating

ICRA A(SO) Midland Microfin Ltd

PTC Series A2

Provisional 1.4

Final Rating

ICRA A-(SO) Nlc India Ltd

LT, TL

ICRA AAA

14000 - Nlc India Ltd

LT, Borrowing

ICRA AAA

20000 -

Programme Reva Proteins Ltd

LT-Fund based- CC

ICRA BBB+

81.4

Withdrawn

(SO) Reva Proteins Ltd

LT-Fund based

ICRA BBB+

-

Withdrawn

(sublimit)

(SO) Shri Damodar Yarn

LT FB limits

ICRA BB+

70.9

Downgraded Manufacturing Pvt Ltd

from ICRA

BBB- Shri Damodar Yarn

LT/ST Fundbased limit ICRA

210

Downgraded Manufacturing Pvt Ltd

BB+/ICRA

from ICRA

A4+;

BBB-/ICRA A3 Sri Raja Rajeswari

Unallocated

ICRA BBB/A3+ 100

Assigned Constructions (India) Pvt. Ltd Starlite Lighting Ltd

LT - FBL

ICRA A+(SO) 920

Outstanding Starlite Lighting Ltd

LT - NCD Programme

ICRA A+(SO) 800

Outstanding Starlite Lighting Ltd

LT - NCD Programme

ICRA A+(SO) 600

Final Rating Tata Asset Management Ltd

Tata ST Bond Fund

ICRA AA+mfs -

Reaffirmed Tata Asset Management Ltd

Tata Dynamic Bond FundICRA AAAmfs -

Reaffirmed Tata Asset Management Ltd

Tata Income Fund

ICRA AAAmfs -

Reaffirmed

(erstwhile Tata LT

Debt Fund) Tata Asset Management Ltd

Tata Treasury

-

downgraded

Advantage Fund

from ICRA

(erstwhile Tata Ultra ST Fund)

AAAmfs Tata Motors (NS: TAMO ) Finance Ltd

PTC Series A

ICRA AAA(SO) 2353.9 Final Rating Tata Motors Finance Ltd

Second Loss Facility ICRA BBB(SO) 180.1 Final Rating Vardhaman Pressure Die Casting

LT FB TL

ICRA B+

45

- (Issuer Not Cooperating) Vardhaman Pressure Die Casting

LT Fund Based CC

ICRA B+

15

- (Issuer Not Cooperating) Vishwas Cotton Industries

FB -TL

ICRA B

2.2

Withdrawn Vishwas Cotton Industries

FB - Working Capital ICRA B

47.5

Withdrawn

Fac Vishwas Cotton Industries

Unallocated limits

ICRA B

10.3

Withdrawn -------------------------------------------------------------------------------------------- $: 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.

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