11:36 IST
NSE
Credit Rating
TVS Holdings Credit Rating
CARE Ratings has assigned and reaffirmed the credit rating of 'CARE AA+; Stable' for TVS Holdings Limited's preference shares and debentures.
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CARE Ratings has assigned and reaffirmed the credit rating of 'CARE AA+; Stable' for TVS Holdings Limited's preference shares and debentures.
TVS Holdings Limited announced that CRISIL Ratings has re-affirmed its 'CRISIL AA+/Stable' rating on ₹1000 Crore NCDs and withdrawn the rating for ₹650 Crore bank facilities. The withdrawal was at the company's request, while the NCD rating reflects a healthy debt cover and strong credit profile of its subsidiary, TVS Motor Company.