Jul 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of July 27, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
----------
------
-----
--------- SHORT TERM RATINGS: ------------------- A & L Apparels Pvt Ltd
Pre Shipment Credit ICRA A4+
65
Assigned A & L Apparels Pvt Ltd
Post Shipment Credit ICRA A4+
-
Assigned A & L Apparels Pvt Ltd
BG
ICRA A4+
0.3
Assigned Bharat Forge Ltd (NS:BFRG)
Non-FB Fac
ICRA A1+
4000
Reaffirmed Bulktainer Shipping Ltd
ST non FB limit*
ICRA A4
7.5 Rating continues to remain in ‘Issuer Not Co-operating' category/*Sub-limit of long-term fund-based limit Classic Auto Tubes Ltd.
ST: FB limits
ICRA A2+
7.5
Reaffirmed Classic Auto Tubes Ltd.
ST: Non-FBL
ICRA A2+
100
Reaffirmed Duncan Engineering Ltd
ST – Non Fund based ICRA
8.1
Upgraded
(SO)
A1+(SO)
from ICRA
A1(SO) Eastern Engineering Company
ST: Non Fund based
ICRA A4
6
Withdrawn Pvt Ltd (ISSUER NOT COOPERATING) Eastern Engineering Company
ST: fund based
ICRA A4
5
Withdrawn Pvt Ltd (ISSUER NOT COOPERATING) International Cargo Terminals
FBL
ICRA A3+(SO) 310
Reaffirmed And Rail Infrastructure Pvt Ltd International Cargo Terminals
Non-FBL
ICRA A3+(SO) 160
Reaffirmed And Rail Infrastructure Pvt Ltd Kanchan Motors
Fund based-Inventory ICRA A4
100
Funding Rating continues to remain in the ‘Issuer Not Cooperating' category Kandla International Container
Non-FBL Term
ICRA A3
80
Reaffirmed Terminal Pvt Ltd
Deposit Programme L&T Infrastructure Development
CP Programme
ICRA A1+
10000 Reaffirmed Projects Ltd Paradip International Cargo
Non-FBL
ICRA A3(SO) 400
Reaffirmed Terminal Pvt Ltd Ramdev Food Products Pvt Ltd
Non-FB limits
ICRA A2
15.2
Assigned Reliance Asset Reconstruction
ST Bk Lines
ICRA A1+
1000
Reaffirmed Co. Ltd Schwing Stetter India Pvt Ltd
CP
ICRA A1
1500
Reaffirmed Sri Kpr Industries Ltd
LOC
ICRA A4+
10 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Industries Ltd
BG
ICRA A4+
50 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Industries Ltd
Unallocated Limit
ICRA A4+
43.7 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
LOC
ICRA A4+
60 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
BG
ICRA A4+
40 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
ST Unallocated Limit ICRA A4+
100 Rating continues to remain under ‘Issuer Not Cooperating' category Rating Action The Tata Power Co. Ltd (NS:TTPW)
CP
ICRA A1+
70000 Assigned/
outstanding The Tata Power Co. Ltd
CP
ICRA A1+
70000 Assigned
/Outstanding MEDIUM TERM RATINGS: ------------------- Bank Of India
Term Deposit ProgrammeMAA+
-
Reaffirmed LONG TERM RATINGS: ------------------- A& L Apparels Pvt Ltd
NFBL
-
-
- A& L Apparels Pvt Ltd
TL
ICRA BB+
110
Assigned A& L Apparels Pvt Ltd
Unallocated limits
ICRA
24.7
Assigned
BB+/ICRA A4+ Aparna Profiles Pvt Ltd
TL
ICRA
105
Reaffirmed
BBB+(SO) Aparna Profiles Pvt Ltd
FB Limits
ICRA
60
Reaffirmed
BBB+(SO) Bank Of Maharashtra
Basel II Compliant
ICRA A
4000
Downgraded
Upper Tier II Bonds
from ICRA A+ Bank Of Maharashtra
Basel II Compliant
ICRA A
700
Downgraded
Innovative Perpetual
from ICRA A+
Debt Instrument Bank Of Maharashtra
Basel II Compliant
ICRA A+
11300 Downgraded
Lower Tier II Bonds
from ICRA AA- Bank Of Maharashtra
Basel III Compliant ICRA A+(hyb) 10000 Downgraded
Tier II Bonds
from ICRA AA-
Programme Bharat Forge Ltd
TL/ECB
ICRA AA+
-
Reaffirmed Bharat Forge Ltd
FB Fac
ICRA AA+
15000 Reaffirmed Bhimavaram Municipality
Issuer Rating
ICRA BB+
- Rating moved to the ‘Issuer Not Cooperating' category Bulktainer Shipping Ltd
LT FB limits
ICRA BB
50.8 Rating continues to remain in ‘Issuer Not Co-operating' category Bulktainer Shipping Ltd
Unallocated limit
ICRA
41.7
*Sub-limit of LT FB BB/ICRA A4
limit Rating continues to remain in ‘Issuer Not Co-operating' category Chilakalurupet Municipality
Issuer Rating
ICRA BB
-
- Rating moved to the ‘Issuer Not Cooperating' category Christian Medical College
LT – Proposed Fac
ICRA AA
5000
Reaffirmed Vellore Association Classic Auto Tubes Ltd.
LT: FB limits
ICRA A-
62.5
Reaffirmed Classic Auto Tubes Ltd.
LT: TL
ICRA A-
510
Reaffirmed Classic Auto Tubes Ltd.
LT: Unallocated limitsICRA A-
278.2 Reaffirmed Duncan Engineering Ltd
Fund based – Working ICRA A+(SO) 90
Upgraded
capital facility (SO)
from ICRA
A(SO) Eastern Engineering Company
LT: Fund based – CC ICRA BB
57.5
Withdrawn Pvt Ltd ISSUER NOT COOPERATING Eastern Engineering Company
LT/ST: Unallocated
ICRA
1.5
Withdrawn Pvt Ltd
BB/ICRA A4 ISSUER NOT COOPERATING Economic And Entrepreneurship
FB -TL (proposed)
ICRA BBB+
240
Assigned Development Foundation Eluru Municipal Corporation
Issuer Rating
ICRA BBB
- Rating moved to the ‘Issuer Not Cooperating' category India Shelter Finance
PTC Series A2
ICRA A+(SO) 283.9 Reaffirmed Corporation Ltd-Elbe Sbl Ifmr Capital 2017 India Shelter Finance
PTC Series A1
ICRA AA+(SO) 89.5
Reaffirmed Corporation Ltd-Elbe Sbl Ifmr Capital 2017 India Shelter Finance
PTC Series A3
ICRA BBB(SO) 18
Upgraded Corporation Ltd-Elbe Sbl Ifmr
from ICRA Capital 2017
BBB-(SO) India Shelter Finance
PTC Series A1
ICRA AA(SO) 26.1
Upgraded Corporation Ltd-Sinnan Ifmr
from ICRA Capital 2014
AA-(SO) India Shelter Finance
PTC Series A2
ICRA AA-(SO) 5.2
Upgraded Corporation Ltd-Sinnan Ifmr
from ICRA Capital 2014
A(SO) International Cargo Terminals
TL
ICRA
1000
Reaffirmed And Rail Infrastructure Pvt Ltd
BBB(SO) Jharkhand Infrastructure
Fund Based – TL
ICRA BB+
4800
Downgraded Implementation Co. Ltd
from ICRA
BBB+ Kandla International Container
FBL
ICRA BBB-
1150
Reaffirmed Terminal Pvt Ltd L&T Infrastructure Development
NCD Programme 1
ICRA AA
1000
Reaffirmed Projects Ltd
(NCD-1) L&T Infrastructure Development
Non-FB Fac - BGs
ICRA AA
12500 Reaffirmed Projects Ltd L&T Infrastructure Development
NCD Programme 2
ICRA AA+(S) 2500
Reaffirmed Projects Ltd
(NCD-2) Modest Infrastructure Pvt Ltd
LT - Fund Based
ICRA C+
700
Reaffirmed Modest Infrastructure Pvt Ltd
LT/ST - Non Fund BasedICRA C+
200
Reaffirmed
/ICRA A4 Modest Infrastructure Pvt Ltd
LT/ST - Unallocated ICRA
1600
Reaffirmed
C+/ICRA A4 Motilal Oswal (NS:MOFS) Financial
NCDs
ICRA AA
1500
Reaffirmed Services Ltd Motilal Oswal Securities Ltd
NCDs
ICRA AA
2000
Reaffirmed Narasaraopet Municipality
Issuer Rating
ICRA BBB
- Rating moved to the ‘Issuer Not Cooperating' category Paradip International Cargo
FBL
ICRA
4000
Reaffirmed Terminal Pvt Ltd
BBB-(SO) Pramukh Copper Pvt Ltd
TL
ICRA D
17.5 Rating moved to ‘Issuer Not Cooperating' category Pramukh Copper Pvt Ltd
CC
ICRA D
50 Rating moved to ‘Issuer Not Cooperating' category Pramukh Copper Pvt Ltd
LOC
ICRA D
50 Rating moved to ‘Issuer Not Cooperating' category Pramukh Copper Pvt Ltd
BG
ICRA D
10 Rating moved to ‘Issuer Not Cooperating' category Pramukh Copper Pvt Ltd
Forward Cover of LimitICRA D
1 Rating moved to ‘Issuer Not Cooperating' category Pramukh Copper Pvt Ltd
Unallocated Limits
ICRA D
21.5 Rating moved to ‘Issuer Not Cooperating' category Ramdev Food Products Pvt Ltd
FB limits
ICRA BBB+
1298.1 Assigned Reliable Agencies
CC
ICRA B+
52.1 Rating continues to remain under ‘Issuer Not Cooperating' category Reliable Agencies
TL
ICRA B+
3 Rating continues to remain under ‘Issuer Not Cooperating' category Reliable Agencies
Unallocated Limits
ICRA
44.9
B+/ICRA A4 Rating continues to remain under ‘Issuer Not Cooperating' category Reliance Asset Reconstruction
LT Debt Programme
ICRA A+
2000
Reaffirmed Co. Ltd Schwing Stetter India Pvt Ltd
TL (Unallocated)
ICRA A+
1800
Assigned Schwing Stetter India Pvt Ltd
LT/ST working capital ICRA
4100
Upgraded
Fac
A+/ICRA A1
from ICRA
A/Reaffirmed Spi Power
FB TL
ICRA BBB-
333.5 Upgraded
(SO)
from ICRA
BB+ (SO) Sri Kpr Industries Ltd
CC
ICRA BB+
90 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Industries Ltd
TL FBL
ICRA BB+
14 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
CC
ICRA BB+
60 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
TL
ICRA BB+
46.7 Rating continues to remain under ‘Issuer Not Cooperating' category Sri Kpr Infra & Projects Ltd
LT unallocated
ICRA BB+
58.6 Rating continues to remain under ‘Issuer Not Cooperating' category Tadepalligudem Municipality
Issuer Rating
ICRA BBB
- Rating moved to the ‘Issuer Not Cooperating' category The Tata Power Co. Ltd
NCD Programme
ICRA AA-
26880 Reaffirmed The Tata Power Co. Ltd
NCD Programme
ICRA AA-
26880 Reaffirmed Voith Hydro Pvt Ltd
Non-FBL
ICRA A+(SO) 3000
Upgraded
/A1 (SO)
from ICRA A
(SO)/
Reaffirmed -------------------------------------------------------------------------------------------- $: 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.