Global rating agency S&P on Monday assigned a BBB- rating to the issue.
It is not immediately known when the company will hit the market or how much they are going to raise in the first tranche, but typically a rating comes when an issuer is already in the market.
Tata Capital did not respond to an email from TNIE. "We equalized the ratings on the senior secured and senior unsecured notes under the MTN programme with our long-term issuer credit rating on the issuer. This is because the company is prudentially regulated," S&P said in a note.
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Denne historien er fra December 24, 2024-utgaven av The New Indian Express Coimbatore.
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