TVS Motor's debt facilities upgraded to CARE AAA rating
after close1 source ↓written by the desknot a recommendation
- have been upgraded
- ₹2,300 cr
- now stand
- ₹3,658 cr
TVS Motor Company's long-term bank facilities and Non-Convertible Debentures (NCDs) totaling ₹2,300 cr have been upgraded to CARE AAA by CARE Ratings. This upgrade reflects the company's strong financial health and operational performance, enhancing its ability to raise capital at potentially lower costs. The total rated facilities now stand at ₹3,658 cr.
The upgrade signifies the highest credit rating, indicating a strong safety level for timely payments, which may positively influence investor sentiment and borrowing costs for the company.
Not investment advice. For informational purposes only.