RPT-ICRA ratings for Indian debt instruments-May 10

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RPT-ICRA ratings for Indian debt instruments-May 10
Credit: © Reuters.

(Repeating to add more ratings)

May 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of May 9, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Bharti Airtel (NS: BRTI ) Ltd

CP

ICRA A1+

60000 Bharti Airtel Ltd

Working Capital

ICRA A1+

2500

Limits (rated on ST

scale) Den Networks (NS: DENN ) Ltd

Non-fund Based

ICRA A1

150

Outstanding

Working Capital Fac Dewan Housing (NS: DWNH ) Finance

CP Programme

ICRA A1+

150000 Corporation Ltd (Dhfl) Assigned/ Outstanding Ecl Finance Ltd

CP Programme (IPO

ICRA A1+

60000 Assigned

financing) Ecl Finance Ltd

CP Programme (IPO

ICRA A1+

-

Withdrawn

financing) Ecl Finance Ltd

CP Programme

ICRA A1+

45000 Reaffirmed Ecl Finance Ltd

ST NCD Programme

ICRA A1+

1000

Outstanding Ecl Finance Ltd

ST Principal

PP-MLD ICRA 9000

Outstanding

Protected Market

A1+

Linked Debenture Programme Edelweiss Commodities Services

CP Programme (IPO

ICRA A1+

60000 Assigned Ltd

financing) Edelweiss Commodities Services

CP Programme

ICRA A1+

70000 Reaffirmed Ltd Edelweiss Commodities Services

ST NCD Programme

ICRA A1+

1000

Outstanding Ltd Edelweiss Commodities Services

CP Programme (IPO

ICRA A1+

-

Withdrawn Ltd

financing) Edelweiss Commodities Services

ST Principal

PP-MLD ICRA 5000

Outstanding Ltd

Protected Market

A1+

Linked Debenture Programme Techno Electric & Engineering

Non-FB Fac

ICRA A1+

11050 Assigned Co. Ltd Techno Electric & Engineering

FB Fac

ICRA A1+

-

Assigned Co. Ltd Union Bank Of India

CDs

ICRA A1+

150000 Assigned/ Outstanding Zensar Technologies (NS: ZENT ) Ltd

Long/ST FB Fac

ICRA AA+ / 1400

Reaffirmed

ICRA A1+ (Removed from ratings watch with developing implications) LONG TERM RATINGS: ------------------- Aditi Foods (India) Pvt Ltd

Fund based-TL

ICRA BB+

95

Assigned Aditi Foods (India) Pvt Ltd

Fund based- Working ICRA BB+

30

Assigned

Capital Fac Al - Ayaan Foods Pvt Ltd

LT Fund based/CC

ICRA B

100 Rating continues to remain in the ‘Issuer Not Cooperating' category Al - Ayaan Foods Pvt Ltd

Unallocated

ICRA B

200 Rating continues to remain in the ‘Issuer Not Cooperating' category Bharti Airtel Ltd

Issuer Rating

ICRA AA+

NA Bharti Airtel Ltd

TL

ICRA AA+

46000 Bharti Airtel Ltd

Working Capital

ICRA AA+

22500

Limits (rated on LT

scale) Bhavyalaxmi Industries Pvt Ltd

LT Fund Based - CC

ICRA B+

64.5 Issuer not cooperating Bhavyalaxmi Industries Pvt Ltd

LT Fund Based - TL

ICRA B+

2.7 Issuer not cooperating Bhavyalaxmi Industries Pvt Ltd

LT Unallocated

ICRA B+

80 Issuer not cooperating Den Networks Ltd

FB TL

ICRA A

5256

Outstanding Den Networks Ltd

FB Working Capital

ICRA A

1050

Outstanding

Fac Den Networks Ltd

Unallocated Limits

ICRA A / A1 36

Outstanding Ecl Finance Ltd

Retail NCD Programme ICRA AA

20000 Outstanding Ecl Finance Ltd

NCD Programme

ICRA AA

73500 Outstanding Ecl Finance Ltd

Subordinated Debt

ICRA AA

11500 Outstanding

Programme Ecl Finance Ltd

Bk Lines

ICRA AA

110000 Outstanding

/ICRA A1+ Ecl Finance Ltd

LT Principal

PP-MLD ICRA 3000

Outstanding

Protected Market

AA

Linked Debenture Programme (Unsecured and Subordinated) Ecl Finance Ltd

LT Principal

PP-MLD ICRA 23500 Outstanding

Protected Market

AA

Linked Debenture Programme Edelweiss Commodities Services

NCD Programme

ICRA AA

10000 Assigned Ltd Edelweiss Commodities Services

NCD Programme

ICRA AA

50000 Outstanding Ltd Edelweiss Commodities Services

Bk Lines

ICRA AA

20000 Outstanding Ltd Haran Chandra Cold Storage Pvt

FBL

ICRA D

171.9 Ltd Reaffirmed and removed from ‘Issuer Not Cooperating' category Haran Chandra Cold Storage Pvt

Non-FBL

ICRA D

2.5 Ltd Reaffirmed and removed from ‘Issuer Not Cooperating' category Haran Chandra Cold Storage Pvt

Unallocated limits

ICRA D

0.6 Ltd Reaffirmed and removed from ‘Issuer Not Cooperating' category Manibhavnam Home Finance India

LT Bk Lines

ICRA BB+

150

Assigned Pvt. Ltd. Mayajaal Entertainment Ltd

LT fund based facilityICRA B-

450 Assigned/ Outstanding Techno Electric & Engineering

FB Fac

ICRA AA

2010

Assigned Co. Ltd Techno Electric & Engineering

Non-FB Fac

ICRA AA

3340

Assigned Co. Ltd Techno Electric & Engineering

FB Fac

ICRA AA

-

Assigned Co. Ltd Techno Electric & Engineering

Non-FB Fac

ICRA AA

-

Assigned Co. Ltd Tema India Ltd

TL

ICRA BBB

48.6

Reaffirmed Tema India Ltd

FBL

ICRA BBB

675

Reaffirmed Tema India Ltd

Non-FBL

ICRA BBB / 2985

Reaffirmed

ICRA A3+ Union Bank Of India

Basel II Compliant

ICRA AA

2000

Outstanding

Innovative Perpetual

Debt instruments Union Bank Of India

Lower Tier II Bonds – ICRA AA+

8000

Outstanding

Basel II -------------------------------------------------------------------------------------------- $: 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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