ICRA upgrades various rating of Tata Metaliks
ICRA, a credit rating agency, has upgraded the ratings of the Rs 166 crore term loan facilities, Rs 100 crore non convertible debenture (NCD) and Rs 150 crore fund based bank facilities of Tata Metaliks (TML) from LA- to LA. The outlook on the rating is stable.
The rating agency has also upgraded the ratings of the Rs 650 crore short term non fund based bank facilities and the Rs 100 crore commercial paper (CP) programme of TML from ‘A2+’ to ‘A1′.
Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone.
Click here for technical analysis and community tips for Tata Metaliks
Did not find what you were looking for?
Custom Search
