ICRA ratings for Indian debt instruments-Jan 10

Last Updated: Tue, Jan 10, 2017 16:00 hrs

Jan 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of January 9, 2017. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Arihant Solvex Pvt Ltd BG ICRA A4 0.3 Reaffirmed JBM Auto Ltd Non FB Fac ICRA A3+ 645 Reaffirmed Lila Dhar Devki Nandan Non-FBL ICRA A4 50 Reaffirmed Lila Dhar Devki Nandan Unallocated Limits ICRA A4 50 Reaffirmed M/S. Carona Knit Wear ST - FB Fac ICRA A4+ 155 Reaffirmed Mil Steel And Power Ltd ST, Non-FB Fac ICRA A4 20 Reaffirmed Patanjali Ayurved Ltd NFBL ICRA A1 200 Upgraded from ICRA A2+ Payal International Ltd FBL- ST ICRA A4 180 Reaffirmed Prateek Wires Pvt Ltd Non-FBL ICRA A4 30 Downgraded from ICRA A4+ (revised from Rs. 2.00 crore earlier) Taegutec India Pvt Ltd ST: FB Fac ICRA A1+ - Reaffirmed LONG TERM RATINGS: ------------------- Ajnara Infrastructure (P) Ltd. FBL ICRA BB 91 Reaffirmed API Associates Pvt Ltd LT, FBL ICRA D 70 Reaffirmed API Associates Pvt Ltd ST, Non-FBL ICRA D - Reaffirmed API Associates Pvt Ltd ST, Unallocated Limits ICRA D 30 Reaffirmed Arihant Solvex Pvt Ltd CC ICRA BB- 160 Reaffirmed Arihant Solvex Pvt Ltd Unallocated Limits ICRA BB- 7.2 Reaffirmed /A4 Genisys Integrating System TL ICRA BBB- 370 Reaffirmed (India) Pvt Ltd (revised from Rs. 31.00cr) JBM Auto Ltd TL ICRA BBB 1021.9 Reaffirmed JBM Auto Ltd Unallocated Limits ICRA BBB 61.8 Reaffirmed JBM Auto Ltd CC / WCDL ICRA BBB / 1142.5 Reaffirmed A3+ JBM Auto Ltd Fund based and NFBL ICRA BBB / 972.5 Reaffirmed A3+ Lila Dhar Devki Nandan FB Limits ICRA B-/A4 60 Reaffirmed M/S. Carona Knit Wear LT - TL ICRA BB+ 9.6 Reaffirmed M/S. Carona Knit Wear LT - FB Fac ICRA BB+ 7.5 Reaffirmed Mil Steel And Power Ltd LT: FB Fac ICRA B+ 41 Reaffirmed (revised from 6.00cr) Mil Steel And Power Ltd LT: Unallocated ICRA B+ 105.5 Reaffirmed (enhanced from 8.73cr) Mil Steel And Power Ltd LT / ST unallocated ICRA B+ / 20.8 Reaffirmed Fac ICRA A4 (enhanced from 2.00cr) Patanjali Ayurved Ltd FBL ICRA A+ 3000 Upgraded from ICRA A- Prateek Wires Pvt Ltd FBL - Untied - - - (revised from Rs. 9.00 crore earlier) Prateek Wires Pvt Ltd Non-FBL - Untied - - - (revised from Rs. 1.00 crore earlier) Prateek Wires Pvt Ltd FBL ICRA BB- 120 Downgraded from ICRA BB+ (revised from Rs. 3.00 crore earlier) Rkm Powergen Pvt Ltd TL ICRA D 11596.3 Reaffirmed Rkm Powergen Pvt Ltd BG ICRA D 2550 Reaffirmed Srinidhi Real Estate And LT Unallocated Limits ICRA B 80 Reaffirmed Constructions Taegutec India Pvt Ltd LT: FB Fac ICRA AA- 230 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. (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@thomsonreuters.com)



More from Sify: