TVS Motor's debt facilities upgraded to CARE AAA rating
pre-market1 source ↓written by the desknot a recommendation
- have been upgraded
- ₹2,300 crore
- now amount
- ₹3,658 crore
TVS Motor Company's long-term bank facilities and Non-Convertible Debentures (NCDs) totaling ₹2,300 crore have been upgraded to CARE AAA; Stable from CARE AA+. This upgrade reflects the company's strong financial health, enhancing its ability to raise capital at potentially lower costs. The total rated facilities now amount to ₹3,658 crore.
An upgrade to 'CARE AAA' indicates the highest safety for timely payment of obligations, which may positively influence investor sentiment and borrowing costs.
Not investment advice. For informational purposes only.