Jan 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of January 18, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
----------
------
-----
--------- - SHORT TERM RATINGS: ------------------- Accord Plus Ceramics Pvt Ltd
Non-fund Based - BG ICRA A4
2.3
Reaffirmed Bg Fastening And Engineering
ST fund based
ICRA A4+
6
Assigned Industries Pvt Ltd Bg Fastening And Engineering
ST Non-fund based
ICRA A4+
9.8
Assigned Industries Pvt Ltd Cdet Explosive Industries Pvt
ST, Non-fund Based
ICRA A2
3.5
Reaffirmed Ltd Crevita Granito Pvt Ltd
Non-fund Based - BG ICRA A4
4
Assigned Dhanuka Laboratories Ltd
Non-fund Based -
ICRA A2
52
Reaffirmed
Working Capital Fac Global Copper Pvt Ltd
ST non-FBL
ICRA A4
5.9
Withdrawn Golani Brothers
Non Fund based - BG ICRA A4+
20
Withdrawn Iifl Facilities Services Ltd
CP programme (IPO
ICRA A1+
2500
Assigned (Erstwhile Iifl Real Estate
financing) Ltd ) Iifl Facilities Services Ltd
CP programme (IPO
ICRA A1+
0
Withdrawn (Erstwhile Iifl Real Estate
financing) Ltd ) Iifl Facilities Services Ltd
CP programme
ICRA A1+
700
outstanding (Erstwhile Iifl Real Estate Ltd ) Iifl Wealth Finance Ltd
CP programme (IPO
ICRA A1+
2000
Assigned (Erstwhile Chephis Capital
financing) Markets Ltd) Iifl Wealth Finance Ltd
CP programme (IPO
ICRA A1+
-
Withdrawn (Erstwhile Chephis Capital
financing) Markets Ltd) Iifl Wealth Finance Ltd
CP programme
ICRA A1+
5000
outstanding (Erstwhile Chephis Capital Markets Ltd) Iifl Wealth Management Ltd
CP programme (IPO
ICRA A1+
2000
Assigned
financing) Iifl Wealth Management Ltd
CP programme (IPO
ICRA A1+
0
Withdrawn
financing) Iifl Wealth Management Ltd
CP programme
ICRA A1+
500
outstanding India Infoline Finance Ltd
CP programme (IPO
ICRA A1+
6000
Assigned
financing) India Infoline Finance Ltd
CP programme (IPO
ICRA A1+
0
Withdrawn
financing) India Infoline Finance Ltd
CP programme
ICRA A1+
7000
outstanding Kanan Devan Hills Plantations
Non-fund
ICRA A2+
3
Assigned Company Pvt Ltd
based-Working Capital
Fac Namasthetu Infratech Pvt Ltd
Non-Fund basedBG
ICRA A4
812
- ISSUER NOT COOPERATING Religare Finvest Ltd
CP programme
ICRA A3
2000
Revised from
ICRA A1 rating put on watch with developing implications Religare Housing Development (NS:HDIL)
ST Debt programme
ICRA A3
200
Revised from Finance Corporation
ICRA A1 rating continues to be under rating watch with developing implications State Bank Of India (NS:SBI)
Certificates of
ICRA A1+
41500 outstanding
Deposits Medium Term
Deposits outstanding Sugam Parivahan Pvt Ltd
Non-fund Based: BG
ICRA A3+
1.25
Reaffirmed LONG TERM RATINGS: ------------------ Aavas Financiers Ltd
PTC Series A
ICRA AA
107.67 Assigned (Erstwhile Au Housing Finance
(SO) Ltd) confirmed as final Accord Plus Ceramics Pvt Ltd
FB - TL
ICRA B+
13
Reaffirmed Accord Plus Ceramics Pvt Ltd
FB - CC
ICRA B+
5
Reaffirmed Adarsh Shikshan Sansthan
LT FB - TL
ICRA BB
23
Withdrawn Bettiah Municipal Council
Issuer Rating
ICRA B+
Nil
Assigned Bg Fastening And Engineering
LT fund based- CC
ICRA BB
7.5
Assigned Industries Pvt Ltd Bg Fastening And Engineering
LT unallocated
ICRA BB
6.8
Assigned Industries Pvt Ltd Bg Fastening And Engineering
LT fund based- TL
ICRA BB
4.9
Assigned Industries Pvt Ltd Cdet Explosive Industries Pvt
LT, FB - CC
ICRA BBB+
6.5
Reaffirmed Ltd Cdet Explosive Industries Pvt
LT, Unallocated
ICRA BBB+
30
Reaffirmed Ltd Crevita Granito Pvt Ltd
FB - TL
ICRA BB-
25.5
Assigned Crevita Granito Pvt Ltd
FB - CC
ICRA BB-
10
Assigned Dhanuka Laboratories Ltd
FB - Working Capital ICRA BBB+ / 24
Reaffirmed
Fac
ICRA A2 outlook revised from to negative Dhanuka Laboratories Ltd
FB and Non-fund Based ICRA BBB+ / 20
Reaffirmed
- Working Capital Fac ICRA A2 outlook revised from to negative Focal Energy Solar India Pvt
FB - TL
ICRA BBB
26
Upgraded Ltd
from BBB- Focal Energy Solar India Pvt
Unallocated Limits
ICRA BBB
2
Upgraded Ltd
from BBB- Focal Energy Solar One India
Fund based-TL
ICRA BBB+
106
Upgraded Pvt Ltd
from ICRA BBB Focal Energy Solar One India
Fund based- CC
ICRA BBB+
3.5
Upgraded Pvt Ltd
from ICRA BBB Focal Energy Solar One India
Unallocated limits
ICRA BBB+
0.5
Upgraded Pvt Ltd
from ICRA BBB Global Copper Pvt Ltd
Fund based- CC
ICRA B
10
Withdrawn Global Copper Pvt Ltd
Fund based- TL
ICRA B
8.75
Withdrawn Golani Brothers
Fund based - CC
ICRA BB
5
Withdrawn Hpm Infra Llp
Proposed Non
ICRA BB-
15
Withdrawn
Convertible Hpm Infra Llp
Unallocated limits
ICRA BB- / 80
Assigned
ICRA A4 Iifl Facilities Services Ltd
Unsecured debt
ICRA AA
50
outstanding (Erstwhile Iifl Real Estate
programme Ltd ) Iifl Facilities Services Ltd
LT debt programme
ICRA AA
700
outstanding (Erstwhile Iifl Real Estate Ltd ) Iifl Wealth Finance Ltd
NCD programme
ICRA AA
300
outstanding (Erstwhile Chephis Capital Markets Ltd) Iifl Wealth Finance Ltd
Unsecured NCD
ICRA AA
500
outstanding (Erstwhile Chephis Capital
programme Markets Ltd) Iifl Wealth Finance Ltd
LT principal
PP-MLD ICRA 200
outstanding (Erstwhile Chephis Capital
protected market
AA Markets Ltd) Iifl Wealth Finance Ltd
LT principal
PP-MLD ICRA 2550
outstanding (Erstwhile Chephis Capital
protected market
AA Markets Ltd) Iifl Wealth Management Ltd
Secured NCD programme ICRA AA
100
outstanding India Infoline Finance Ltd
Sub. Debt Programme ICRA AA
1000
outstanding India Infoline Finance Ltd
LT Bk lines
ICRA AA
5775
outstanding India Infoline Finance Ltd
LT debt programme
ICRA AA
2510
outstanding India Infoline Finance Ltd
Secured NCD programme ICRA AA
2000
outstanding India Infoline Finance Ltd
Unsecured NCD
ICRA AA
500
outstanding
programme India Infoline Finance Ltd
LT principal
PP-MLD ICRA 500
outstanding
protected equity
AA
linked debenture programme India Infoline Finance Ltd
LT principal
PP-MLD ICRA 100
outstanding
protected market
AA
linked debenture programme Janalakshmi Financial Services
PTC Series A2
ICRA D(SO) 4.1
Downgraded Ltd
from ICRA
C-(SO) to Janalakshmi Financial Services
PTC Series A1
ICRA D(SO) 76.17 Downgraded Ltd
from ICRA
C+(SO) to Kanan Devan Hills Plantations
Fund based- CC
ICRA A-
62
Assigned Company Pvt Ltd Kanan Devan Hills Plantations
Fund based - TL
ICRA A-
15
Assigned Company Pvt Ltd Kanan Devan Hills Plantations
Fund based -
ICRA A-
50
Assigned Company Pvt Ltd
Unallocated limits Muthoot Capital Services Ltd
PTC Series A1
ICRA A(SO) 64.48 Upgraded
from ICRA
A-(SO) Muthoot Capital Services Ltd
PTC Series A1
ICRA A+(SO) 79.66 Upgraded
from ICRA
A-(SO) Muthoot Capital Services Ltd
PTC Series A1
ICRA AA-(SO) 81.4
Upgraded
from ICRA
A-(SO) Muthoot Capital Services Ltd
PTC Series A2
ICRA BBB(SO) 1.77
Upgraded
from ICRA
BB+(SO) Muthoot Capital Services Ltd
PTC Series A2
ICRA
1.39
Reaffirmed
BBB-(SO) Muthoot Capital Services Ltd
PTC Series A2
ICRA
1.81
Upgraded
BBB+(SO)
from ICRA
BB+(SO) Namasthetu Infratech Pvt Ltd
Fund based-CC
ICRA B
3
- ISSUER NOT COOPERATING Namasthetu Infratech Pvt Ltd
Fund based-
ICRA B
1
-
Unallocated Limit ISSUER NOT COOPERATING North Delhi Municipal
Issuer Rating
ICRA BB+
Nil
Assigned Corporation Religare Finvest Ltd
LT Debt programme
ICRA BBB
1000
Revised from
ICRA A rating continues to be under rating watch with developing implications Religare Finvest Ltd
Bk Limits
ICRA BBB
12000 Revised from
ICRA A rating put on watch with developing implications Religare Housing Development
Long- Term/ ST Bk
ICRA BBB/
1200
Revised from Finance Corporation
Limits
ICRA A3
ICRA A/
ICRA A1 rating continues to be under rating watch with developing implications Religare Housing Development
Sub. Debt Programme ICRA BBB
0
Revised from Finance Corporation
ICRA A rating put on watch with developing implications Rural Fairprice Wholesale Ltd
LT - Proposed NCD
Provisional 320
Assigned
Programme
ICRA BBB-
(SO) S.V. Patel Amp; Sons
Fund based-TL
ICRA B+
0.73
- ISSUER NOT COOPERATING S.V. Patel Amp; Sons
Fund based-CC
ICRA B+
6.5
- ISSUER NOT COOPERATING Siddhi Cotton Ginning Amp;
Fund based- CC
ICRA B+
8
Reaffirmed Pressing Pvt Ltd Siddhi Cotton Industries
Fund based- CC
ICRA B+
12
Reaffirmed Sparkle Terminal And Towage
NCD
Provisional 100
- Services Ltd
ICRA
AA-(SO) Stable State Bank Of India
Basel III Compliant ICRA
8000
Assigned
Tier I Bonds
AA+(hyb) State Bank Of India
Lower Tier II Bonds ICRA AAA
785
outstanding
Programme State Bank Of India
Basel III Compliant ICRA
15743 outstanding
Tier II Bonds
AAA(hyb)(
Stable) Subhamasthu Shopping Mall
LT - Fund Based-CC
ICRA B+
6.5
Withdrawn Sugam Parivahan Pvt Ltd
Fund Based TL
ICRA BBB
1.13
Reaffirmed outlook revised to Positive from Stable Sugam Parivahan Pvt Ltd
Fund Based CC
ICRA BBB
23.75 Reaffirmed outlook revised to Positive from Stable Sugam Parivahan Pvt Ltd
Unallocated TL FB
ICRA BBB
3.87
Reaffirmed
limits Non-FBL outlook revised to Positive from Stable - - - Synmedic Laboratories
TL
ICRA BBB-
28
Reaffirmed outlook revised from to negative Synmedic Laboratories
FB - Working Capital ICRA BBB-
8
Reaffirmed
Fac outlook revised from to negative Thirumeni Finance Pvt Ltd
PTC Series A1
ICRA A(SO) 24.77 Upgraded to
from ICRA A-
SO) Thirumeni Finance Pvt Ltd
PTC Series A2
ICRA BBB(SO) 2.09
Upgraded to
from ICRA BB
(SO) Voltas (NS:VOLT) Ltd
FB / Non-fund based ICRA AA/
3500
Reaffirmed
Bk Fac
ICRA A1+ outlook revised to Positive from Stable Water And Sanitation Pooled
LT Bond Programme
ICRA AA(SO) 80
Reaffirmed Fund (Government Of Tamilnadu) -------------------------------------------------------------------------------------------- $: 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.