May 15 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of May 12, 2017. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
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------
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--------- SHORT TERM RATINGS: ------------------- Fritzmeier Motherson Cabin
ST, FB Limits
ICRA A2+
20
upgraded Engineering Ltd
from ICRA A3 Fritzmeier Motherson Cabin
ST Interchangeable** ICRA A2+
upgraded Engineering Ltd
from ICRA A3 **Sub-limit of cash-credit facility Harsha Stone Industries
Foreign Outward Bills ICRA A4
50
Withdrawn
Purchase (FOBP) Hindustan Copper (NS:HCPR) Ltd
Non-FB Fac
ICRA A1+
5000
Reaffirmed Koneru Constructions Pvt Ltd
Non FB
ICRA A4
75
Assigned /
outstanding Meridian Clothing Company Pvt
Non-FBL
ICRA A4
20
Reaffirmed Ltd Nis Management Pvt Ltd
Non-FB - BG
ICRA A2
100
Assigned Sinosteel India Pvt Ltd
Unallocated Non-FB
ICRA A4+
220
Withdrawn LONG TERM RATINGS: ------------------- Fritzmeier Motherson Cabin
FB - TL
ICRA BBB+
72
upgraded Engineering Ltd
from ICRA
BBB- Fritzmeier Motherson Cabin
FB - CC
ICRA BBB+
130
upgraded Engineering Ltd
from ICRA
BBB- Fritzmeier Motherson Cabin
Unallocated Limits
ICRA BBB+
130
upgraded Engineering Ltd
from ICRA
BBB- Grama Vidiyal Microfinance
PTC Series A1
ICRA A-(SO)
Withdrawn Ltd- Cura Ifmr Capital 2015 Grama Vidiyal Microfinance Ltd
PTC Series A1
ICRA AA+(SO)
Withdrawn -Indian Mfi Trust Series XV Harsha Stone Industries
Packing Credit
ICRA B
45
Withdrawn Hindustan Copper Ltd
TL
ICRA AA+
2000
Reaffirmed Hindustan Copper Ltd
FB Fac
ICRA AA+
1850
Reaffirmed Hindustan Copper Ltd
FB Fac
ICRA AA+
2650
Reaffirmed Koneru Constructions Pvt Ltd
FB
ICRA B+
51.2
Assigned /
outstanding Koneru Constructions Pvt Ltd
Unallocated Limits
ICRA B+
33.8
Assigned
/ICRA A4 Meridian Clothing Company Pvt
FBL
ICRA BB-
58.5
Reaffirmed Ltd
/ ICRA A4 Meridian Clothing Company Pvt
Unallocated limits
ICRA BB-
21.5
Reaffirmed Ltd
/ ICRA A4 Nis Management Pvt Ltd
FB - CC
ICRA BBB+
360
Assigned Pritech Projects
TL
ICRA BBB
1350
Final Ratings Shilpi Cable Technologies Ltd
NCD programme
ICRA BB
270
Downgraded
from ICRA
BBB+ Sinosteel India Pvt Ltd
Unallocated FB Limit ICRA BB+
100
Withdrawn Sinosteel India Pvt Ltd
FB/ Non-FB Limits
ICRA BB+
180
Withdrawn
/ICRA A4+ -------------------------------------------------------------------------------------------- $: 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.