Tata Teleservices (Maharashtra) receives credit ratings from CARE

Tata Teleservices (Maharashtra) receives credit ratings from CARE

May 05, 2021 02:05 IST capital market

Tata Teleservices (Maharashtra) announced that CARE Ratings has assigned / revised the credit rating for various debt facilities of the company as follows:

Long term bank facilities (Rs 20 crore) - CARE AA-; Stable (assigned)
Long term bank facilities (Rs 2050 crore) - CARE AA-; Stable (revised from CARE A+; Stable)
Long term / short term bank facilities (Rs 173.51 crore) - CARE AA-; Stable / CARE A1+ (revised from CARE A+; Stable/ CARE A1+)
Short term bank facilities (Rs 207.99 crore) - CARE A1+ (reaffirmed)

Non convertible debentures (Rs 500 crore) - CARE AA-; Stable (assigned)

Commercial paper (Rs 7500 crore) - CARE A1+ (reaffirmed)

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