ICRA ratings for Indian debt instruments-Aug 22

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ICRA ratings for Indian debt instruments-Aug 22
Credit: © Reuters.

Aug 22 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of August 21, 2017. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Bioplus Life Sciences Pvt Ltd

FB - WC

ICRA A2

200

Reaffirmed Bioplus Life Sciences Pvt Ltd

Non-fund based

ICRA A2

6

Reaffirmed Mastek (NS: MAST ) Ltd

Non-FBL

ICRA A1+

90

Reaffirmed Pragathi Group

ST Non-FB Fac

ICRA A3+

30

Withdrawn Primo Pick N Pack Ltd

ST FB limits

ICRA A4+

65

Reaffirmed Primo Pick N Pack Ltd

ST non-FBL

ICRA A4+

9

Reaffirmed Primo Pick N Pack Ltd

Unallocated limits

ICRA A4+

1

Reaffirmed Raymond (NS: RYMD ) Uco Pvt Ltd

ST fund based

ICRA A2

750

Downgraded

from ICRA A2+ Raymond Uco Pvt Ltd

ST non-fund based

ICRA A2

1080

Downgraded

from ICRA A2+ Tata Sons Ltd

CP programme

ICRA A1+

26250 outstanding Vadim Infrastructure Pvt Ltd

ST - FB

ICRA A4

20

Assigned Vadim Infrastructure Pvt Ltd

ST - Non-fund based ICRA A4

40.5

Assigned LONG TERM RATINGS: ------------------- Hindustan Oil Exploration (NS: HOEX ) Co.

LT proposed facility ICRA BBB+

1000

Withdrawn Ltd Mastek Ltd

FB limits

ICRA A+

40

Reaffirmed Mastek Ltd

FB / non-FBL

ICRA A+/

60

Reaffirmed

ICRA A1+ Modest Infrastructure Ltd

FB Limits - CC

ICRA C+

700

Reaffirmed Modest Infrastructure Ltd

Non-FBL

ICRA C+/

350

Reaffirmed

ICRA A4 Modest Infrastructure Ltd

Proposed Limits

ICRA C+/

1450

Reaffirmed

ICRA A4 Mrf Ltd

NCD

ICRA AAA

5000

Reaffirmed Mrf Ltd

NCD - Proposed

ICRA AAA

1000

Reaffirmed Naitik Gems Llp

Proposed Limits

ICRA B+/

250

Assigned

ICRA A4 Oriental Bank Of Commerce (NS: ORBC )

Basel III Complaint ICRA A(hyb) 10000 Assigned

Tier I Bonds Programme Pragathi Group

LT - TL

ICRA BBB

570

Withdrawn Primo Pick N Pack Ltd

CC

ICRA BB+

100

Reaffirmed Raymond Uco Pvt Ltd

LT fund based - CC

ICRA BBB+

2750

Downgraded

from ICRA A- Raymond Uco Pvt Ltd

LT fund based - TL

ICRA BBB+

2446.8 Downgraded

from ICRA A- (revised from Rs. 250.76CRS) Spandana Sphoorty Finance Ltd

PTC Series A1

Provisional 301.6 Assigned

ICRA A-(SO) Spandana Sphoorty Finance Ltd

PTC Series A1

Provisional 270

Assigned

ICRA A-(SO) Tata Sons Ltd

NCD programme

ICRA AAA

10000 Assigned Tata Sons Ltd

NCD programmes

ICRA AAA

217450 Outstanding Vadim Infrastructure Pvt Ltd

LT - FB

ICRA BB-

23

Assigned Vadim Infrastructure Pvt Ltd

Unallocated Limits

ICRA BB-/

16.5

Assigned

ICRA A4 -------------------------------------------------------------------------------------------- $: 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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