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.
This story is from the December 24, 2024 edition of The New Indian Express.
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This story is from the December 24, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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