RPT-ICRA ratings for Indian debt instruments-Apr 9

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RPT-ICRA ratings for Indian debt instruments-Apr 9
Credit: © Reuters.

(Repeating to add additional ratings as of April 8, 2019)

Apr 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of April 8, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Jasper Industries Pvt Ltd

NFBL

ICRA A3

7.5

Reaffirmed Ramco Systems Ltd

ST fund based

ICRA A2+

850

Reaffirmed Ramco Systems Ltd

ST non fund based

ICRA A2+

255

Reaffirmed Sarjan Infracon Pvt. Ltd.

BG

ICRA A4+

440

- Issuer not cooperating Shriram Transport (NS: SRTR ) Finance Co.

PTC Series A1

Provisional 1550

Assigned Ltd

ICRA A1+(SO) Suryoday Energy Pvt Ltd

ST - Interchangeable ICRA A1+

912.2 Outstanding

(SO) LONG TERM RATINGS: ------------------- Ab Hotels Ltd

LT TL

ICRA BB+

262

Assigned /

Outstanding Ab Hotels Ltd

LT – FB/ CC - limits ICRA BB+

65

Assigned Ab Hotels Ltd

LT – Unallocated

ICRA BB+

73

Assigned /

limits

Outstanding Aye Finance (P) Ltd Vivriti

PTC Series A1 – (b) ICRA AA(SO) 85

withdrawn Pereira 001 2018 Blue Dart Aviation Ltd

TL

ICRA AA

750

Assigned Blue Dart Aviation Ltd

LT, FB Limits

ICRA AA

100

outstanding Blue Dart Aviation Ltd

LT / ST, Non-FBL

ICRA AA

750

outstanding

/ICRA A1+ Blue Dart Express (NS: BLDT ) Ltd

TL

ICRA AA

750

Assigned Blue Dart Express Ltd

NCD (NCD)

ICRA AA

711.8 outstanding Blue Dart Express Ltd

NCD (NCD)

ICRA AA

-

Withdrawn Blue Dart Express Ltd

LT / ST, FBL

ICRA AA /

300

outstanding

ICRA A1+ Blue Dart Express Ltd

LT / ST, nonFBL

ICRA AA /

61.5

outstanding

ICRA A1+ Brij Gopal Construction

FBL

ICRA BBB

500

Reaffirmed Company (P) Ltd Brij Gopal Construction

Non-FBL

ICRA BBB

1500

Reaffirmed Company (P) Ltd Gayath Industries

LT FB

ICRA B+

89

Assigned /

Outstanding Gayath Industries

LT – Unallocated

ICRA B+

1

Outstanding Indo-Mim Pvt Ltd (Erstwhile

TL

ICRA AA

4691.8 Reaffirmed Indo-Us Mim Tec Pvt Ltd) Indo-Mim Pvt Ltd (Erstwhile

CC

ICRA AA

1179.5 Reaffirmed Indo-Us Mim Tec Pvt Ltd) Indo-Mim Pvt Ltd (Erstwhile

Unallocated limits

ICRA AA

530

Reaffirmed Indo-Us Mim Tec Pvt Ltd) Indo-Mim Pvt Ltd (Erstwhile

NCD Programme 60

ICRA AA

600

Reaffirmed Indo-Us Mim Tec Pvt Ltd)

(Proposed) Jasper Industries Pvt Ltd

FBL

ICRA BBB-

2346

Reaffirmed outlook revised to Positive from Stable Jasper Industries Pvt Ltd

Unallocated Limits

ICRA BBB- / 819

Reaffirmed

ICRA A3 outlook revised to Positive from Stable Mahaveer Finance India Ltd

PTC Series A1

Provisional 66.9

Assigned Northern Arc 2019 Cv Ronan

ICRA A(SO) Mahaveer Finance India Ltd

PTC Series A2

Provisional 32.3

Assigned Northern Arc 2019 Cv Ronan

ICRA

BBB+(SO) National Projects Construction

FB Limits – CC

ICRA A+ &

200

- Corporation Ltd placed on watch with developing implications National Projects Construction

Non-fund based –

ICRA A+&/

4800

- Corporation Ltd

Working Capital Fac ICRA A1 & placed on watch with developing implications Northern Arc Capital Ltd Ifmr

NCDs

ICRA A(SO) 150

withdrawn Capital P.B.I. Xvii 2017 Northern Arc Capital Ltd Ifmr

NCDs

ICRA A-(SO) 150

withdrawn Capital P.B.I. Xvii 2017 Northern Arc Capital Ltd Ifmr

NCDs

ICRA A-(SO) 150

withdrawn Capital P.B.I. Xvii 2017 Northern Arc Capital Ltd Ifmr

NCDs

ICRA A-(SO) 75

withdrawn Capital P.B.I. Xvii 2017 Northern Arc Capital Ltd Ifmr

NCDs

ICRA A-(SO) 150

withdrawn Capital P.B.I. Xvii 2017 Oswal Overseas Ltd

LT FB limits

ICRA C

628.2 Assigned Ramco Systems Ltd

LT fund based/CC

ICRA A-

350

Reaffirmed Outlook revised from Stable to Positive Ramco Systems Ltd

Unallocated

ICRA A- /

200

Reaffirmed

ICRA A2+ Outlook revised from Stable to Positive Rohini Industrial Electricals

FB Limits

ICRA

500

Upgraded Ltd

AA+(SO)

from ICRA

AA(SO)/ ICRA A1+(SO) Rohini Industrial Electricals

Non-FBL Trust Name

ICRA

1650

Upgraded Ltd

AA+(SO)

from ICRA

AA(SO) / ICRA A1+(SO) Sarjan Infracon Pvt. Ltd.

CC

ICRA BB+

40

- Issuer not cooperating Shriram Transport Finance Co.

PTC Series A2

Provisional 1650

Assigned Ltd

ICRA AAA(SO) Shriram Transport Finance Co.

PTC Series A3

Provisional 1900

Assigned Ltd

ICRA AAA(SO) Shriram Transport Finance Co.

PTC Series A4

Provisional 5141.7 Assigned Ltd

ICRA AAA(SO) Smi Coated Products Pvt Ltd

FBL

ICRA BBB-

20

withdrawn Smi Coated Products Pvt Ltd

FBL

ICRA BBB-

20

Withdrawn Smi Coated Products Pvt Ltd

Unallocated Limits

ICRA BBB- / 130

withdrawn

ICRA A3 Smi Coated Products Pvt Ltd

Unallocated Limits

ICRA BBB- / 130

Withdrawn

ICRA A3 Sp Solren Pvt Ltd

Fund Based - TL

ICRA BBB+ & 600

- & - under rating watch with developing implications Spandana Sphoorty Financial Ltd

PTC Series A

ICRA AA (SO) 1898.3 Withdrawn Suryoday Energy Pvt Ltd

Fund Based - TL

ICRA BBB&

2055

- & - under rating watch with developing implications Thyssenkrupp (DE: TKAG ) Industries India

CC

ICRA AA

835

Reaffirmed Pvt Ltd Thyssenkrupp Industries India

BG/LOC

ICRA AA

20750 Reaffirmed Pvt Ltd Thyssenkrupp Industries India

CC

ICRA AA

835

Reaffirmed Pvt Ltd Thyssenkrupp Industries India

BG/LOC

ICRA AA

20750 Reaffirmed Pvt Ltd Transform Sun Energy Pvt Ltd

Fund Based - TL

ICRA BBB & 5800

- & - under rating watch with developing implications Transform Sun Energy Pvt Ltd

CC

ICRA BBB & 300

- & - under rating watch with developing implications W. H. Brady & Co. Ltd

FB - Future Rent

ICRA BB-

21.8

Outstanding

Receivable W. H. Brady & Co. Ltd

FB - CC

ICRA BB-

23

Outstanding W. H. Brady & Co. Ltd

Non-fund Based - BG ICRA BB-

30

Outstanding W. H. Brady & Co. Ltd

Non-fund Based - LOC ICRA BB-

5

Outstanding W. H. Brady & Co. Ltd

Unallocated

ICRA BB-

120.2 Assigned /

Outstanding Sprng Energy Pvt. Ltd.

LT - Non-FB Fac

ICRA A-(S) 6000

Reaffirmed Ctrls (India) Pvt Ltd

FB - TL

Provisional 1700

Assigned

ICRA BBB+ Signatureglobal Developers Pvt

Project Synera

ICRA

Assigned Ltd

Gurugram

Seven-Star -------------------------------------------------------------------------------------------- $: 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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