Jan 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 2, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
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SHORT TERM RATINGS:
-------------------
Ambience Interiors Pvt Ltd Non-fund based ICRA A2 350 Upgraded
from ICRA A3+
Canara Robeco Asset Management Canara Robeco Savings ICRA A1+mfs - Reaffirmed
Co. Ltd Fund
Canara Robeco Asset Management Canara Robeco Liquid ICRA A1+mfs - Reaffirmed
Co. Ltd Fund
Ifgl Refractories Ltd Non-FBL – LOC/ BG ICRA A1+ 100 Assigned
Ifgl Refractories Ltd Non-FBL – LOC/ BG# ICRA A1+ - Assigned
# Non-fund based limits of Rs. 62.00 crore is the sub-limit to the fund-based working capital
limits
Saraswati Sugar Mills Ltd Non-fund ICRA A1 50 Reaffirmed
based-Working Capital
Fac
Sivaswati Textile Pvt Ltd Non-fund based – LOC ICRA A3 80 Reaffirmed
Sri Lakshmi Ammal Educational ST - Non Fund Based ICRA A2 100 Withdrawn
Trust
(Issuer not Cooperating)
Sri Swetharka Constructions ST - Non-fund Based/BGICRA A4 30 Reaffirmed
Pvt Ltd
Sri Vaishnavi Spintex (India) ST - Unallocated ICRA A4 1.7 -
Pvt Ltd
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Vaya Finserv Pvt Ltd CP (CP) programme ICRA A3+ 500 Assigned
Vinit Gloves Manufacturing Pvt FB – Packing Credit / ICRA A3 160 Reaffirmed
Ltd PreShipment Credit in
Foreign Currency
Vinit Gloves Manufacturing Pvt FB – Post Shipment ICRA A3 20 Reaffirmed
Ltd Limit
Vinit Gloves Manufacturing Pvt Non-fund based – LOC ICRA A3 7.5 Reaffirmed
Ltd (Inland/Import)
Vinit Gloves Manufacturing Pvt Non-fund Based –Loan ICRA A3 110 Reaffirmed
Ltd Equivalent Factor for
Forward Covers
LONG TERM RATINGS:
-------------------
Act Infraport Ltd LT FB CC ICRA 300 Assigned
BBB(Stable)
Act Infraport Ltd LT Non-fund Based BG ICRA 10 Assigned
BBB(Stable)
Act Infraport Ltd LT Unallocated ICRA 200 Assigned
BBB(Stable)
Allcargo Logistics Ltd Proposed NCD ProgrammeICRA AA& 1250 -
(Rating placed under watch with developing implications)
Ambience Interiors Pvt Ltd CC ICRA BBB+ 200 Upgraded
(Stable) from ICRA
BBB (Stable)
Arg Outlier Media Asianet News LT, FB Limits ICRA BBB- 650 Assigned
Pvt Ltd (Stable)
Arg Outlier Media Asianet News LT, Loans ICRA BBB- 400 Assigned
Pvt Ltd (Stable)
Balaji Rail Road Systems Pvt LT- FBL ICRA BB+ 30 Revised from
Ltd (Stable) ICRA BBB-
(Removed from Issuer not cooperating category)
Balaji Rail Road Systems Pvt LT - Non-fund based ICRA BB+ 91.5 Revised from
Ltd (Stable) ICRA BBB-
(Removed from Issuer not cooperating category)
Balaji Rail Road Systems Pvt LT – Unallocated ICRA BB+ 78.5 Revised from
Ltd (Stable) ICRA BBB-
(Removed from Issuer not cooperating category)
Bengaluru Metropolitan FB TL ICRA B- 3350 Upgraded
Transport Corporation (Stable) from ICRA D
Bengaluru Metropolitan Proposed TL ICRA B- 9650 Upgraded
Transport Corporation (Stable) from ICRA D
Berar Finance Ltd - Northern PTC Series A1 Provisional 171.4 Assigned
Arc 2019 2W Chaplin ICRA A+(SO)
Berar Finance Ltd - Northern PTC Series A2 Provisional 4 Assigned
Arc 2019 2W Chaplin ICRA
BBB+(SO)
Bhaurao Chavan Sahakari Sakhar TL ICRA B+ 229.2 Reaffirmed
Karkhana Ltd (Stable)
(Removed from Issuer NonCooperating category)
Bhaurao Chavan Sahakari Sakhar FB Limits ICRA B+ 910 Reaffirmed
Karkhana Ltd (Stable)
(Removed from Issuer NonCooperating category)
Bhaurao Chavan Sahakari Sakhar Basal Dose Loan ICRA B+ 716.9 Reaffirmed
Karkhana Ltd (Stable)
(Removed from Issuer NonCooperating category)
Bhaurao Chavan Sahakari Sakhar BG ICRA B+ 40 Reaffirmed
Karkhana Ltd (Stable)
(Removed from Issuer NonCooperating category)
Bhaurao Chavan Sahakari Sakhar Unallocated ICRA B+ 3.9 Reaffirmed
Karkhana Ltd (Stable)
(Removed from Issuer NonCooperating category)
Canara Robeco Asset Management Canara Robeco ICRA AA+mfs - Reaffirmed
Co. Ltd Corporate Bond Fund
Canara Robeco Asset Management Canara Robeco Ultra ICRA AAAmf - Reaffirmed
Co. Ltd ST Fund
Eros Resorts And Hotels Pvt Ltd CC ICRA B+ 50 Upgraded
(Stable) from ICRA B-
(Stable)
Eros Resorts And Hotels Pvt Ltd TL ICRA B+ 390 Upgraded
(Stable) from ICRA B-
(Stable)
Eros Resorts And Hotels Pvt Ltd Unallocated ICRA B+ 60 Upgraded
(Stable) / from ICRA B-
A4 (Stable)/
Reaffirmed
Hyderabad Institute Of Fund Based – CC ICRA A 150 Reaffirmed
Oncology Pvt Ltd (Stable)
Hyderabad Institute Of Fund Based – TL ICRA A 50.3 Reaffirmed
Oncology Pvt Ltd (Stable)
Hyderabad Institute Of Unallocated Limits ICRA A 476.7 Reaffirmed
Oncology Pvt Ltd (Stable)
Ifgl Refractories Ltd FB Limits – Working ICRA A+ 1430 Assigned
Capital Limits (Stable)
Ifgl Refractories Ltd FB Limits – ICRA A+ 200 Assigned
Unallocated Limits (Stable)
Indiabulls Housing Finance Ltd Assignee Payouts Provisional 4976.1 Assigned
- Innovation Trust Xxxii Dec-19 ICRA AA(SO)
Saraswati Sugar Mills Ltd Fund based – Working ICRA A- 2405 Reaffirmed
Capital Fac (Stable)
Saraswati Sugar Mills Ltd LT - Unallocated ICRA A- 2405 Reaffirmed
Limits (Stable)
Sivaswati Textile Pvt Ltd Unallocated limits ICRA BBB- 388.2 Reaffirmed
(Positive)
(Outlook revised to Positive from Stable)
Sivaswati Textile Pvt Ltd Fund based – CC ICRA BBB- 444 Reaffirmed
(Positive)
(Outlook revised to Positive from Stable)
Spandana Sphoorty Financial PTC Series A Provisional 1249.7 Assigned
Ltd - Kartikeya 12 2019 ICRA A (SO)
Sri Lakshmi Ammal Educational LT - Fund Based/ CC ICRA BBB+ 125 Withdrawn
Trust (Stable)
(Issuer not Cooperating)
Sri Lakshmi Ammal Educational LT - Fund Based TL ICRA BBB+ 1300 Withdrawn
Trust (Stable)
(Issuer not Cooperating)
Sri Lakshmi Ammal Educational LT / ST – Unallocated ICRA BBB+ 75 Withdrawn
Trust (Stable) /
A2
(Issuer not Cooperating)
Sri Swetharka Constructions LT - Fund Based/CC ICRA B+ 60 Reaffirmed
Pvt Ltd (Stable)
Sri Vaishnavi Spintex (India) LT - Fund Based/ CC ICRA B 130 -
Pvt Ltd (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Sri Vaishnavi Spintex (India) LT - Non Fund Based ICRA B 8.3 -
Pvt Ltd (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Sunbeam Speciality Alloys Ltd LT - Fund Based- CC ICRA D 70 -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Sunbeam Speciality Alloys Ltd LT - Non Fund Based ICRA D 30 -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Sunbeam Speciality Alloys Ltd LT - Unallocated ICRA D 20 -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Vaya Finserv Pvt Ltd NCD programme ICRA 1440 Outstanding
BBB(Stable)
Vaya Finserv Pvt Ltd LT Bk lines ICRA 5000 Outstanding
BBB(Stable)
Vinit Gloves Manufacturing Pvt FB – CC# ICRA - Reaffirmed
Ltd BBB-(Stable)
# Sub-limit of packing credit
Vinit Gloves Manufacturing Pvt Non-fund based – BG^ ICRA - Reaffirmed
Ltd BBB-(Stable)
^ Sub-limit of letter of credit
Vinit Gloves Manufacturing Pvt FB – TL ICRA 39 Reaffirmed
Ltd BBB-(Stable)
Vivekananda Seeds LT Fund based/CC ICRA 84 Withdrawn
B+(Stable)
Vivekananda Seeds LT / ST - Unallocated ICRA 11 Withdrawn
B+(Stable)
/ A4
Vivriti Capital Pvt Ltd - Multi-borrower credit Provisional 125 Assigned
Berar Finance Ltd enhanced loan ICRA A-(CE)
programme (Stable)
Vivriti Capital Pvt Ltd - Multi-borrower credit Provisional 100 Assigned
Indel Money Pvt Ltd enhanced loan ICRA A-(CE)
programme (Stable)
Vivriti Capital Pvt Ltd - Multi-borrower credit Provisional 125 Assigned
Midland Microfin Ltd enhanced loan ICRA A-(CE)
programme (Stable)
Vivriti Capital Pvt Ltd - Multi-borrower credit Provisional 150 Assigned
S.M.I.L.E. Microfinance Ltd enhanced loan ICRA A-(CE)
programme (Stable)
Vivriti Capital Pvt Ltd - Up Multi-borrower credit Provisional 50 Assigned
Money Ltd enhanced loan ICRA A-(CE)
programme (Stable)
Vivriti Capital Pvt Ltd - PTC Series A1 Provisional 592.4 Assigned
Vivriti Cabsec 007 2019 ICRA A-(SO)
Vivriti Capital Pvt Ltd - PTC Series A2 Provisional 42.3 Assigned
Vivriti Cabsec 007 2019 ICRA
BBB-(SO)
Vivriti Capital Pvt Ltd - Multi-borrower credit Provisional 50 Assigned
Yogakshemam Loans Ltd enhanced loan ICRA A-(CE)
programme (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@thomsonreuters.com)
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