ICRA ratings for Indian debt instruments-Sep 9

Sep 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of September 6, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

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--------- SHORT TERM RATINGS: ------------------- Agni Steels Pvt Ltd

Fund Based – Drawee ICRA A2

Reaffirmed

Bill Discounting Agni Steels Pvt Ltd

Non-fund Based – LOC ICRA A2

Reaffirmed Agni Steels Pvt Ltd

Non-fund Based –

ICRA A2

Reaffirmed

Interchangeable to BG

(sublimit of LC) Anjalee Granites Pvt Ltd

Non FB limits

ICRA A4

Reaffirmed Cicon Engineers Pvt Ltd

ST- Non-Fund Based

ICRA A3+

Assigned Dalkan Ship Breaking Ltd

ICRA A4+

300 Issuer not cooperating Golden Seams Industries Pvt Ltd

ST - Non-Fund Based ICRA A4+

Reaffirmed ICICI Prudential (LON: PRU ) Asset

ICICI Prudential

ICRA A1+mfs -

Outstanding Management Co. Ltd

Overnight Fund Indiabulls Commercial Credit

CP (CP) Programme

ICRA A1+

80000 Reaffirmed Ltd MSPL Ltd

Non-fund Based

ICRA A2+

Reaffirmed Paras Steel Corporation

ICRA A4+

300 Issuer not cooperating Punjab Alkalies & Chemicals Ltd

ST – Non-fund Based ICRA A4+

Assigned Vijaykumar And Co.

ICRA A4+

300 Issuer not cooperating LONG TERM RATINGS: ------------------- Agni Steels Pvt Ltd

Fund Based – Working ICRA BBB+

Reaffirmed

Capital Fac

(Stable) Agni Steels Pvt Ltd

Fund Based – TL

ICRA BBB+

372.7 Reaffirmed

(Stable) Agni Steels Pvt Ltd

Unallocated

ICRA BBB+

141.1 Reaffirmed

(Stable)/

ICRA A2 Anjalee Granites Pvt Ltd

ICRA BB-

Reaffirmed

(Stable) Anjalee Granites Pvt Ltd

Unallocated Limits

ICRA BB-

161.3 Reaffirmed

(Stable)/ A4 Cicon Engineers Pvt Ltd

LT -Fund Based

ICRA BBB

Assigned

(Stable) Dalkan Ship Breaking Ltd

ICRA BB+

(Stable) Issuer not cooperating; *Sub-limit of letter of credit Five-Star Business Finance

PTC Series A1

Provisional 990.5 Assigned Ltd- Northern Arc 2019 Sbl

ICRA AA- Medici

(SO) Ge Power Systems India Pvt Ltd

Unallocated

ICRA A+

Reaffirmed (Erstwhile Alstom (PA: ALSO ) Bharat Forge

(Stable)/ Power Pvt Ltd)

ICRA A1+ Ge Power Systems India Pvt Ltd

Non-FB Fac – LC/BG

ICRA A+

39250 Reaffirmed (Erstwhile Alstom Bharat Forge

(Stable)/ Power Pvt Ltd)

ICRA A1+ Golden Seams Industries Pvt Ltd

LT - Fund Based

ICRA BB+

Reaffirmed

(Stable) ICICI Prudential Asset

ICICI Prudential ST ICRA AAAmfs -

Outstanding Management Co. Ltd

Fund (erstwhile ICICI

Prudential ST Plan) ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Fixed Maturity Plan –

Series 82 – 1185 Days Plan I ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Liquid Fund ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Bking And PSU Debt

Fund ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Corporate Bond Fund ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Savings Fund ICICI Prudential Asset

ICICI Prudential

ICRA AAAmfs -

Outstanding Management Co. Ltd

Money Market ICICI Prudential Asset

ICICI Prudential

ICRA AAmfs -

Withdrawn Management Co. Ltd

Medium Term Bond Fund

(erstwhile ICICI Prudential Corporate Bond Fund) Moonlight Marbles Pvt Ltd

Fund Based - Working ICRA D

Capital Downgraded from ICRA B- (Stable) Moonlight Marbles Pvt Ltd

Fund Based - TL

ICRA D

5.4 Downgraded from ICRA B- (Stable) MSPL Ltd

FB – TL

ICRA A-

Reaffirmed

(Stable) MSPL Ltd

FB – CC

ICRA A-

Reaffirmed

(Stable) MSPL Ltd

Unallocated

ICRA A-

Reaffirmed

(Stable) Palamur Biosciences Pvt Ltd

Fund based/ CC

ICRA BB+

Assigned

(Stable) Palamur Biosciences Pvt Ltd

Unallocated limits

ICRA BB+

Assigned

(Stable) Paras Steel Corporation

ICRA BB+

(Stable) Issuer not cooperating; *Sub-limit of letter of credit Pinkcity Build Home Pvt Ltd

FB - TL

ICRA BB+

Reaffirmed

(Stable) Pinkcity Build Home Pvt Ltd

Unallocated Limits

ICRA BB+

125.3 Reaffirmed

(Stable)/

ICRA A4+ Positive Micron (NASDAQ: MU ) Llp

Fund Based – TL

ICRA D

130 Downgraded from ICRA B(Stable) Positive Micron Llp

Fund Based – Working ICRA D

Capital Fac Downgraded from ICRA B(Stable) Positive Micron Llp

Non-fund Based – BG ICRA D

13.5 Downgraded from ICRA A4 Punjab Alkalies & Chemicals Ltd

LT - Fund Based/ CC ICRA BB

Assigned

(Stable) Punjab Alkalies & Chemicals Ltd

LT / ST - Unallocated ICRA BB

326.8 Assigned

(Stable) /

A4+ Sbc Minerals Pvt Ltd

FB CC

ICRA BB-

Reaffirmed

(Stable) Removed from non-cooperation category Sudha Bio Power Pvt Ltd

Fund Based – TL

ICRA BB+

Reaffirmed

(Stable) Sudha Bio Power Pvt Ltd

Fund Based – CC

ICRA BB+

Reaffirmed

(Stable) Sudha Bio Power Pvt Ltd

Unallocated Limits

ICRA BB+

Reaffirmed

(Stable) Vijaykumar And Co.

ICRA BB+

(Stable) Issuer not cooperating; *Sub-limit of letter of credit -------------------------------------------------------------------------------------------- $: 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.