ICRA ratings for Indian debt instruments-Nov 15

Nov 15 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of November 14, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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--------- SHORT TERM RATINGS: ------------------- Cil Nova Petrochemicals Ltd

Non-FBL

ICRA A3+(CE) 156.5 Downgraded

from ICRA

A2+(SO) (Continues under ‘Issuer Not Cooperating' category) Bhatia Coke & Energy Ltd

ST non-fund based

ICRA D

- (Rating continues to be under ‘Issuer Not Cooperating' category) Dsp Investment Managers Pvt Ltd

DSP Overnight Fund

ICRA A1+mfs -

Outstanding Ganpati Petrochemicals

ST: Fund based

ICRA A3

Withdrawn Ganpati Petrochemicals

ST: Non fund based

ICRA A3

Withdrawn Jaydeep Cotton Fibres Pvt. Ltd

Non-FBBG / LC

ICRA A3

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

Non-FBDerivative /

ICRA A3

FC/CEL (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

Non-FB- LC Backed

ICRA A3

Foreign Bill

Discounting (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

FB -optionally

ICRA A3

convertible debenture

against FD (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

Non-FBTreasury

ICRA A3

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Kongovi Pvt Ltd

ST - Interchangeable ICRA A2

Revised from

ICRA A2+ Sterlite Technologies Ltd

ST CP

ICRA A1+

Reaffirmed Sterlite Technologies Ltd

ST Non-FB Fac

ICRA A1+

28850 Reaffirmed Vaibhav Gems

ST FB

ICRA A4

Withdrawn Venkata Narayana Active

ST-FB Fac

ICRA A4+

Withdrawn Ingredients Pvt Ltd (Issuer Not Cooperating) Venkata Narayana Active

Short -term- Non

ICRA A4+

Withdrawn Ingredients Pvt Ltd

Fundbased limits (Issuer Not Cooperating) Hemang Resources Ltd

ST Non-Fund based Bk ICRA D

Fac Rating continues to be under ‘Issuer Not Cooperating' category Hemang Resources Ltd

ST Unallocated

ICRA D

1047.2 - Rating continues to be under ‘Issuer Not Cooperating' category National Steel And Agro

ST unallocated

ICRA D

- Industries Ltd Rating continues to be under ‘Issuer Not Cooperating' category National Steel And Agro

ST non-fund based

ICRA D

11995.2 - Industries Ltd Rating continues to be under ‘Issuer Not Cooperating' category

LONG TERM RATINGS: ------------------- A.S. Moloobhoy Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Anu Cashews

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Arkas Energy Llp

FB Limits – TL

ICRA D

Downgraded

from ICRA

B/Stable (Moved to ‘Issuer Not Cooperating' category) Bhatia Coke & Energy Ltd

LT FB CC

ICRA D

- (Rating continues to be under ‘Issuer Not Cooperating' category) Bhatia Coke & Energy Ltd

LT FB TL

ICRA D

1108.3 - (Rating continues to be under ‘Issuer Not Cooperating' category) Bhatia Coke & Energy Ltd

LT non-fund based

ICRA D

- (Rating continues to be under ‘Issuer Not Cooperating' category) Bhatia Coke & Energy Ltd

LT unallocated

ICRA D

756.7 - (Rating continues to be under ‘Issuer Not Cooperating' category) Cil Nova Petrochemicals Ltd

Fund Based - CC

Downgraded

BBB(CE) /

from ICRA

Stable

A-(SO) (Continues under ‘Issuer Not Cooperating' category) Citrus Alpha Marine Llp

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Danish Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Dsp Investment Managers Pvt Ltd

DSP Strategic Bond

ICRA AAAmfs -

Upgraded

from ICRA

AA+mfs Dsp Investment Managers Pvt Ltd

DSP Ultra Short Fund ICRA AAAmfs -

Outstanding Dsp Investment Managers Pvt Ltd

DSP Savings Fund

ICRA AAAmfs -

Outstanding Dsp Investment Managers Pvt Ltd

DSP ST Fund

ICRA AAAmfs -

Outstanding Dsp Investment Managers Pvt Ltd

DSP Liquidity Fund

ICRA AAAmfs -

Outstanding Everest Gold Mart Pvt Ltd

Withdrawn

BB+(Stable) Ganpati Petrochemicals

LT / ST: Unallocated ICRA BBB-

Withdrawn

(Stable) /

A3 Ganpati Petrochemicals

LT: Fund based

Withdrawn

BBB-(Stable) Ganpati Petrochemicals

LT/ST: Fund based

ICRA BBB-

Withdrawn

(Stable) /

A3 Ge T&D India Ltd (Erstwhile

Fund based – Working ICRA AA-

10000 Reaffirmed Alstom (PA: ALSO ) T&D India Ltd)

Capital Fac (Outlook revised to Negative from Stable) Ge T&D India Ltd (Erstwhile

Non-fund based – BG/LCICRA AA-/A1+ 52450 Reaffirmed Alstom T&D India Ltd) (Outlook revised to Negative from Stable) Ge T&D India Ltd (Erstwhile

Unallocated

ICRA AA-/A1+ 7550

Reaffirmed Alstom T&D India Ltd) (Outlook revised to Negative from Stable) Hemang Resources Ltd

LT FB Bk Fac: CC

ICRA D

- Rating continues to be under ‘Issuer Not Cooperating' category Hemang Resources Ltd

LT Non FB Bk Fac

ICRA D

- Rating continues to be under ‘Issuer Not Cooperating' category Hyderabad Metropolitan Water

- Supply And Sewerage Board Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Indian School Finance Company

PTC Series A2

ICRA A+(SO) -

Withdrawn Pvt Ltd - Inguz Sbl Ifmr Capital 2016 Indian School Finance Company

PTC Series A1

ICRA AA-(SO) -

Withdrawn Pvt Ltd - Inguz Sbl Ifmr Capital 2016 Ireo Hospitality Company Pvt

- Ltd Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Jainalco Industries Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Jaipur Integrated Texcraft

FB TL

ICRA D

Revised from Park Pvt Ltd

ICRA BB-

(Stable) Jaydeep Cotton Fibres Pvt. Ltd

FB-TL

ICRA BBB-

(Stable) (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

FB -CC

ICRA BBB-

105.4 -

(Stable) (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Jaydeep Cotton Fibres Pvt. Ltd

Unallocated Limits

ICRA BBB-

466.2 -

(Stable) /

A3 (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Kepl Engineering Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Kitturu Chennamma Poultry Farm

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Kongovi Pvt Ltd

LT - Fund Based/ CC ICRA BBB+

Reaffirmed

/(Stable) Kongovi Pvt Ltd

LT - Fund Based TL

ICRA BBB+

Reaffirmed

/(Stable) National (India) Contractors &

- Engineers Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating National Steel And Agro

LT FB working capital ICRA D

2005.5 - Industries Ltd

Fac Rating continues to be under ‘Issuer Not Cooperating' category National Steel And Agro

LT FB TL

ICRA D

179.5 - Industries Ltd Rating continues to be under ‘Issuer Not Cooperating' category Royal Motors Gwalior Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating S R Tranzcars Pvt Ltd

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Sesa Minerals Ltd

FB – CC

ICRA D

350 (Rating downgraded from ICRA B+ (Stable) and moved to ‘Issuer Not Cooperating' category) Sesa Minerals Ltd

FB – FDBP/FUDBP

ICRA D

200 (Rating downgraded from ICRA A4 and moved to ‘Issuer Not Cooperating' category) Sesa Minerals Ltd

FB – Packing credit# ICRA D

- (Rating downgraded from ICRA A4 and moved to ‘Issuer Not Cooperating' category) / #sub-limit of FDBP/FUDBP Sesa Minerals Ltd

Non-Fund based – LOC ICRA D

^ (Rating downgraded from ICRA A4 and moved to ‘Issuer Not Cooperating' category) / ^sub-limit of cash credit Shriram Transport (NS: SRTR ) Finance Co.

PTC Series A1

Provisional 2164.8 Confirmed as Ltd - Sansar Trust May 2019 Ii

ICRA AAA(SO)

Final Shriram Transport Finance Co.

Second Loss Facility Provisional 108.2 Confirmed as Ltd - Sansar Trust May 2019 Ii

Final

BBB+(SO) Soma Indus Varanasi Aurangabad

- Tollway Pvt Ltd Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Spandana Sphoorty Financial

PTC Series A2

ICRA A+(SO) -

Withdrawn Ltd - Vivriti Cavalieri 06 2018 Sree Venkata Sreedevi Power Llp

LT: CC

CRA BB+

Reaffirmed (Outlook revised to Negative from Stable) Sree Venkata Sreedevi Power Llp

LT: TL

CRA BB+

Reaffirmed (Outlook revised to Negative from Stable) Sree Venkata Sreedevi Power Llp

LT: Unallocated limitsCRA BB+

Reaffirmed (Outlook revised to Negative from Stable) Sri Satya Bhaskara Poultry Farm

- Non submission of monthly ‘No Default Statement' (“NDS”)/ Issuer not Cooperating Sterlite Technologies Ltd

LT NCD Programme

ICRA AA

Reaffirmed Sterlite Technologies Ltd

LT Fund based-

ICRA AA

Reaffirmed

Working Capital Fac Sterlite Technologies Ltd

LT Fund based-TL

ICRA AA

Reaffirmed Sterlite Technologies Ltd

LT/ST Interchangeable ICRA AA /

Reaffirmed

A1+ Sterlite Technologies Ltd

LT/ST Unallocated

ICRA AA /

Reaffirmed

A1+ Sturdy Industries Ltd

ICRA D

1124.8 Withdrawn Sturdy Industries Ltd

FB Limits

ICRA D

Withdrawn Sturdy Industries Ltd

Non- FBL

ICRA D

Withdrawn Sturdy Industries Ltd

Unallocated limits

ICRA D

141.2 Withdrawn Venkata Narayana Active

198.9 Withdrawn Ingredients Pvt Ltd

BB+(Stable) (Issuer Not Cooperating) Venkata Narayana Active

LT-FBL

Withdrawn Ingredients Pvt Ltd

BB+(Stable) (Issuer Not Cooperating) -------------------------------------------------------------------------------------------- $: 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.