Jun 9 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of June 8, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Asian Granito India Ltd ST Non-FB limits ICRA A1 722.7 Reaffirmed
Camrola Quartz Ltd BG ICRA A2+ 50 Reaffirmed
(CE)
Camrola Quartz Ltd Inland LOC ICRA A2+ 4.6 Reaffirmed
(CE)
Crystal Ceramic Industries ST Non-FBL – BG/ ICRA A1(CE) 180 Reaffirmed
Pvt. Ltd. Letter of Credit
Idfc First Bank Ltd Certificates of ICRA A1+ 450000 Reaffirmed
Deposit Programme
Idfc First Bank Ltd CP* ICRA A1+ - -
(Reaffirmed and Withdrawn.
* Taken over from erstwhile Capital FIRST Limited and Capital FIRST Home Finance Limited)
Oxyzo Financial Services Pvt CP Programme ICRA A2 250 outstanding
Ltd
Pricol Engineering Industries ST non-fund based ICRA A4+ 75 Reaffirmed
Ltd
Shankaranarayana Constructions ST – Non-fund based ICRA A1 6480 outstanding
Pvt Ltd
Tata Motors Finance Ltd CP Programme ICRA A1+ 70000 outstanding
Vikram Solar Ltd Non-fund ICRA A2+ 16570 Reaffirmed
based-Working Capital
Fac
LONG TERM RATINGS:
-------------------
Allcargo Logistics Ltd Proposed NCD Programme ICRA AA 1250 Reaffirmed
(rating removed from watch with developing implications, Negative , outlook)
Ashiana Housing Ltd NCDs ICRA A 200 Reaffirmed
(Stable)
Ashiana Housing Ltd TL ICRA A 100 Reaffirmed
(Stable)
Ashiana Housing Ltd NCDs ICRA A 652 Reaffirmed
(Stable)
Ashiana Housing Ltd Unallocated ICRA A 400 Reaffirmed
(Stable)
Asian Granito India Ltd LT FB Term Loan ICRA A 154.4 Reaffirmed
(outlook revised to Negative from (Stable))
Asian Granito India Ltd LT FB Cash Credit ICRA A 1700 Reaffirmed
(outlook revised to Negative from (Stable))
Asian Granito India Ltd Unallocated Limits ICRA A 42.9 Reaffirmed
(outlook revised to Negative from (Stable))
Camrola Quartz Ltd CC ICRA A- 100.4 Reaffirmed
(CE)
(outlook revised to Negative from (Stable))
Camrola Quartz Ltd TL^ ICRA A- 248 Reaffirmed
(CE)
(outlook revised to Negative from (Stable)
^ includes Rs. 17.0 crore of foreign letter of credit (capital goods) as sub limit)
Crystal Ceramic Industries LT FB TL ICRA A(CE) 500 Reaffirmed
Pvt. Ltd.
(outlook revised to Negative from (Stable))
Crystal Ceramic Industries LT FB CC ICRA A(CE) 700 Reaffirmed
Pvt. Ltd.
(outlook revised to Negative from (Stable))
Dm Education And Research FB Fac ICRA BB+ 2460 Reaffirmed
Foundation
(outlook revised to Negative from (Stable))
Dm Education And Research Non-FB Fac ICRA BB+ 20 Reaffirmed
Foundation
(outlook revised to Negative from (Stable))
Idfc First Bank Ltd NCD Programme** ICRA AA 225987.3 Reaffirmed
(Stable)
(**Non-convertible debentures (NCDs) of erstwhile IDFC Limited reassigned to erstwhile IDFC Bank
Limited (now IDFC First Bank Limited – IDFC FIRST) following the transfer of business with
effect from October 1, 2015.)
Idfc First Bank Ltd NCD Programme** ICRA AA 60910 -
(Stable)
(Reaffirmed and Withdrawn.
**Non-convertible debentures (NCDs) of erstwhile IDFC Limited reassigned to erstwhile IDFC Bank
Limited (now IDFC First Bank Limited – IDFC FIRST) following the transfer of business with
effect from October 1, 2015.)
Idfc First Bank Ltd NCD Programme ICRA AA 100000^ Reaffirmed
(Stable)
(^ Rs. 480 crore outstanding, balance yet to be placed)
Oxyzo Financial Services Pvt Long-TL ICRA A-(CE) 80 -
Ltd (Stable)
(Provisional rating finalised)
Oxyzo Financial Services Pvt NCD ICRA BBB 1100 outstanding
Ltd (Stable)
Oxyzo Financial Services Pvt LT Bk Lines ICRA BBB 2000 outstanding
Ltd (Stable)
Oxyzo Financial Services Pvt Issuer Rating ICRA BBB - outstanding
Ltd (Stable)
Oxyzo Financial Services Pvt LT-Market Linked PP-MLD ICRA 440 outstanding
Ltd Debenture BBB (Stable)
Pricol Engineering Industries LT - TL ICRA BB+ 60 Reaffirmed
Ltd
(outlook on long-term rating revised to (Stable) from Positive)
Pricol Engineering Industries LT FB ICRA BB+ 50 Reaffirmed
Ltd
(outlook on long-term rating revised to (Stable) from Positive)
Pricol Engineering Industries LT FB (sublimit)# ICRA BB+ - Reaffirmed
Ltd
(outlook on long-term rating revised to (Stable) from Positive.
# Although the facility is denominated in foreign currency, ICRA’s rating for the same is on
national scale as distinct from international rating scale.)
Pricol Engineering Industries LT/ ST FB Fac ICRA BB+/ - Reaffirmed
Ltd (sublimit) ICRA A4+
(outlook on long-term rating revised to (Stable) from Positive)
Pricol Engineering Industries LT/ ST non-fund ICRA BB+/ - Reaffirmed
Ltd based Fac (sublimit) ICRA A4+
(outlook on long-term rating revised to (Stable) from Positive)
Pricol Engineering Industries LT/ ST unallocated ICRA BB+/ 215 Reaffirmed
Ltd Facilities ICRA A4+
(outlook on long-term rating revised to (Stable) from Positive)
Shankaranarayana Constructions LT – Fund based CC ICRA A 1020 outstanding
Pvt Ltd (Stable)
Shankaranarayana Constructions LT / ST –Unallocated ICRA A 1500 outstanding
Pvt Ltd (Stable) /
ICRA A1
T And T Infra Ltd FB limits/CC ICRA BBB 410 Reaffirmed
(Stable)
(limit enhanced)
T And T Infra Ltd LT Non-FBL ICRA BBB 590 Reaffirmed
(Stable)
(limit enhanced)
T And T Infra Ltd LT/ST (FundBased/ ICRA BBB 250 Reaffirmed
Non-Fund Based) (Stable) /
ICRA A3+
Tata Motors Finance Ltd Perpetual Debt ICRA 14150 outstanding
Programme A(Negative)
Tata Motors Finance Ltd Bk lines programme ICRA AA- 276320 outstanding
Tata Motors Finance Ltd NCDs ICRA AA- 19580 outstanding
Tata Motors Finance Ltd Subordinated Debt ICRA AA- 23150 outstanding
Programme
Tata Motors Finance Ltd NCDs ICRA AA- 50000 Assigned
(Negative)
Vikram Solar Ltd TL ICRA A- 2100 Reaffirmed
(Stable)
Vikram Solar Ltd CC ICRA A- 4330 Reaffirmed
(Stable)
Vistaar Financial Services Pvt Bk Fac ICRA 10038.7 Reaffirmed
Ltd A-(Stable)
Vistaar Financial Services Pvt NCD Programme ICRA 100 Assigned
Ltd A-(Stable)
Vistaar Financial Services Pvt NCD Programme ICRA 1990 Reaffirmed
Ltd A-(Stable)
Vistaar Financial Services Pvt NCD Programme ICRA - Withdrawn
Ltd A-(Stable)
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)