Re: ICRA Credit Rating for Rs 2283.3 crore Line of Credit as per AnnexureRating Agreement • February 12th, 2019
This rating is specific to the terms and conditions of the LOC as was indicated to us by you and any change in the terms or size of the same would require the rating to be reviewed by us. If there is any change in the terms and conditions or size of the LOC rated, as above, the same must be brought to our notice before the utilisation of the same. If there is any such change after the rating is assigned by us and confirmed for use by you, it would be subject to our review and may result in change in the rating assigned. Notwithstanding the foregoing, any change in the over all limit of the LOC from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement.
Ref: ICRA/HLE Glascoat Limited/16082021/1 Date: August 16, 2021Rating Agreement • August 16th, 2021
Please refer the Rating Agreement dated March 24, 2020 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant. Further, please refer to your Rating Agreement dated August 2, 2021 seeking an enhancement of the captioned limit(s) of bank facilities of your company from Rs. 147.84 crore to Rs. 155.85 crore.
Re: ICRA Credit Rating for the Rs. 15 crore Non-Convertible Debenture (NCD) Programme of Berar Finance Limited (instrument details in Annexure)Rating Agreement • December 22nd, 2020
Please refer to the Rating Agreement dated December 16, 2020 and RRF No. PUN/SECG/2020-21/031 dated December 12, 2020 executed between ICRA Limited (“ICRA”) and your company for carrying out the rating of the aforesaid NCD Programme. The Rating Committee of ICRA, after due consideration, has assigned a [ICRA]BBB (pronounced as ICRA triple B) rating to the captioned NCD Programme. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. The outlook on the long-term rating is Stable.
CONFIDENTIALRating Agreement • February 6th, 2022
Please refer the Rating Agreement dated September 19, 2016 and RRF No. CHN/2016-17/147 dated September 16, 2016 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant. Further, please refer RRF No.CHN/2020-21/044 dated August 21, 2020 seeking an enhancement of the captioned bank facilities of your company from Rs. 100.00 crore to Rs.1,200.00 crore.
CONFIDENTIALRating Agreement • July 17th, 2024
Please refer to the Rating Agreement dated July 15, 2020 executed between ICRA Limited (“ICRA”) and your Company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant. Further, please refer Statement of work dated July 10, 2023 seeking an enhancement of the captioned limit of long term bank facilities of your company from Rs. 3,000.00 crore to Rs. 4,000.00 crore.
Subject of AgreementRating Agreement • April 22nd, 2021
Pursuant to § 3 par. 2 let. d) of the Act No. 340/2015 Coll., on the Register of Contracts, this Contract is not subject to the publication in the Register of Contracts, as amended, of which S&P Global was informed by the City.
Re: ICRA-assigned credit rating for Rs. 1,100 crore Line of Credit (LOC) of Annapurna Finance Private Limited (instrument details in Annexure)Rating Agreement • December 16th, 2021
Please refer the Rating Agreement dated July 25, 2018 and RRF No. KOL/2018-19/068 dated July 25, 2018 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
ConfidentialRating Agreement • April 14th, 2022
Please refer the Rating Agreement/Statement of Work dated between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company, on an annual basis, or as and when the circumstances so warrant. Also, please refer to your Rating Agreement/Statement of Work for rating of enhanced captioned limits(s) of bank lines of your company from Rs. 1597.32 crore to Rs. 1647.32 crore.
STANDARD Gary Arne 55 Water Street & POOR'S Managing Director New York, NY 10041-0003 Financial Services 212 438 5043 Tel 212 438 5057 Fax gary_arne@sandp.com October 26, 2006 Mr. Jason T. Henry First Trust Portfolios, L.P. 1001 Warrenville Road...Rating Agreement • October 26th, 2006 • Ft 1265
This letter constitutes Standard & Poor's permission to you to disseminate the above-assigned rating to interested parties. Standard & Poor's reserves the right to inform its own clients, subscribers, and the public of the rating.
D/RAT/2020-21/K-27/2 February 3, 2021Rating Agreement • February 3rd, 2021
Please refer the Rating Agreement dated December 20, 2017 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when circumstances so warrant.
Mr. Vivek Tiwari Managing Director Satya MicroCapital Ltd.Rating Agreement • May 4th, 2020
Please refer to your rating agreement dated March 13, 2020 and RRF No. DEL/2019-20/506 dated March 13, 2020 for assigning an MFI grading to Satya MicroCapital Ltd. Please note that the Rating Committee of ICRA, after due consideration, has assigned the grading of M2+ (pronounced M two plus) to Satya MicroCapital Ltd. This grading indicates that in ICRA’s current opinion, the Graded MFI's ability to manage its microfinance activities in a sustainable manner is high. The sign of + (plus) appended to the Grading symbols indicates their relative position within the Grading category.
Ref: ICRA/BEL-Thales Systems Ltd/28102021/1 Date: October 28, 2021Rating Agreement • November 16th, 2021
Please refer to your Rating Agreement dated July 8, 2020 required to review the ratings assigned to your company, on an annual basis, or as and when the circumstances so warrant.
CONFIDENTIALRating Agreement • March 1st, 2023
Ref: MUM/20-21/3303Rating Agreement • February 26th, 2021
Please refer to the Rating Agreement dated June 19, 2019 executed between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has retained the medium-term rating at [ICRA]MB+ (pronounced ICRA M B plus) (“Rating”). The outlook on the medium-term rating has been revised to Positive from Stable.
Ref: D/RAT/2020-21/L-6/03Rating Agreement • November 24th, 2020
Please refer the Rating Agreement dated November 12, 2018 and RRF No. DEL/2018-19/342 dated November 6, 2020 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when circumstances so warrant.
CONFIDENTIALRating Agreement • August 28th, 2020
Please refer the Rating Agreement dated October 4th, 2019 and RRF No. CHN/2019-20/163 dated September 30, 2019 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
CONFIDENTIALRating Agreement • January 4th, 2021
Re: ICRA-assigned Credit Rating for Rs. 350.00 crore Line of Credit of N R Agarwal Industries Limited (instrument details in Annexure)
Re: ICRA Credit Rating for Rs. 950.0 Crore Line of Credit of Escorts LimitedRating Agreement • September 18th, 2020
Please refer the Rating Agreement dated July 3, 2019 between ICRA Limited (“ICRA) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
IeRA LimitedRating Agreement • June 18th, 2023
Please ncite that the Rating Committee of ICRA, after due consideration of the latest developments in your company, has reaffirmed the rating assigned to the aforementioned instrument at [ICRA] Al+
CONFIDENTIALRating Agreement • February 5th, 2022
Please refer to the Rating Agreement dated April 12, 2019 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when circumstances so warrant.
Mr. Sabu M Jacob Managing Director Kitex Garments Limited PB No5, Kizhakkambalam Kochi, Kerala- 683 562Rating Agreement • November 10th, 2020
Please refer the Rating Agreement dated July 31, 2014 and RRF No. CHN/2014-15/142 dated July 31, 2014 between ICRA Limited (“ICRA) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant. Further, please refer RRF No. HYD/2020-21/100 dated October 28, 2020 and Rating Agreement dated November 2, 2020 seeking an enhancement of the captioned line(s) of Credit (LOC) of your company from Rs.180.02 crore to Rs.243.02 crore.
ConfidentialRating Agreement • April 7th, 2020
Re: Surveillance of ICRA-assigned Credit Rating for Rs. 29.20 crore of Remsons Industries Limited (instrument details in Annexure)
OptionSoft Technologies Inc. Rating AgreementRating Agreement • September 14th, 2011
Ref: ICRA/Jyothy Labs Limited/04042024/1 Date: April 04, 2024Rating Agreement • April 4th, 2024
Please refer to the Rating Agreement dated October 04, 2018 executed between ICRA Limited (“ICRA”) and your Company, whereby, ICRA is required to review its rating(s), on an annual basis, or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the short-term Rating of [ICRA]A1+ (pronounced ICRA A one plus) (“Rating”). The rating indicates very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
Mr. Sandeep Jawanjal Executive Director Berar Finance LimitedRating Agreement • December 22nd, 2020
Please refer to the Rating Agreement dated November 13, 2020 and RRF No. PUN/SECG/2020-21/028 dated November 13, 2020 between ICRA Limited (“ICRA”) and your company, for carrying out the rating of the aforesaid Fixed Deposit (FD) programme of your company. The Rating Committee of ICRA, after due consideration of the latest developments in your company, has assigned MA- (pronounced M A minus) rating to the captioned FD programme. The outlook on the rating is Stable. Instruments with this rating indicate adequate- credit-quality and carries average credit risk.
Ref: D/RAT/2020-21/S-41/2 May 11, 2020Rating Agreement • May 12th, 2020
Please refer the Rating Agreement dated March 25, 2013 and RRF No. DEL/2012-13/1284 dated March 19, 2013 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
Ref: ICRA/Kanani Industries Limited/26092022/01 Date: September 26, 2022Rating Agreement • September 26th, 2022
Please refer to the Rating Agreement dated July 26, 2017 executed between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the rating assigned to your company on an annual basis or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating at [ICRA] B+ (pronounced ICRA Single B Plus) (“Rating”) and also reaffirmed the short-term rating at [ICRA] A4 (pronounced ICRA A Four). The outlook on the long-term rating is Stable.
Re: Update on ICRA-assigned Credit Rating for Rs. 4000 crore Non-Convertible Debenture (NCD) programme of Nabha Power LimitedRating Agreement • August 26th, 2022
Please refer to the Rating Agreement dated August 19, 2014 and May 12, 2021 executed between ICRA Limited (“ICRA”) and your company, whereby ICRA is required to review its ratings, on an annual basis, or as and when the circumstances warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA]AAA(CE) (pronounced ICRA triple A credit enhancement) (“Rating”) for the captioned debt programme. The outlook on the long-term rating is Stable. This Rating indicates a highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
Date: July 26, 2021 Ref: ICRA/ Supriya Lifescience Ltd./26072021/1Rating Agreement • July 26th, 2021
Please refer to the Rating Agreement dated October 3, 2019 executed between ICRA Limited (“ICRA”) and your Company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has upgraded the long-term rating to [ICRA]A- (pronounced ICRA A minus) from [ICRA]BBB+ (pronounced ICRA triple B plus) (“Rating”). The Rating Committee of ICRA has also upgraded the short-term rating to [ICRA]A2+ (pronounced ICRA A two plus) from [ICRA]A2 (pronounced ICRA A two) (“Rating”). The outlook on the long-term rating is Stable. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
AMENDMENT NO. 1 TO THERating Agreement • February 27th, 2018
Ref: D/RAT/2020-21/K-27/2Rating Agreement • September 9th, 2020
Please refer the Rating Agreement dated November 24, 2017 between ICRA Limited (“ICRA) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
Re: ICRA-assigned Credit Rating for Rs. 553.68 crore Line of Credit of Bhartiya International Limited (instrument details in Annexure)Rating Agreement • May 27th, 2020
Please refer to the Rating Agreement dated December 12, 2017 and RRF No. DEL/2017-18/437 dated December 8, 2017 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant.
ContractRating Agreement • February 22nd, 2022
Re: ICRA Credit Rating on Rs. 4,500.0 crore (enhanced from Rs. 2,750 crore) Line of Credit (LOC) of BEML Limited (instrument details in Annexure)Rating Agreement • May 14th, 2020
Please refer to the Rating Agreement dated Oct 28, 2013, Feb 24, 2012 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant. Also, please refer to your RRF No. BLR/2021-21/004 dated April 15, 2020 and Rating Agreement dated April 15, 2020 seeking an enhancement of the captioned LOC of your company from Rs. 2,750 crore to Rs. 4,500 crore.
Re: Surveillance of ICRA-assigned Credit Rating for Rs. 1,100 crore Line of Credit (LOC) of Annapurna Finance Private Limited (instrument details in Annexure)Rating Agreement • May 18th, 2020
Please refer the Rating Agreement dated July 25, 2018 and RRF No. KOL/2018-19/068 dated July 25, 2018 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review the ratings assigned to your company on an annual basis or as and when the circumstances so warrant.
