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Home STOCKS Tata Motors: Care Rankings reaffirms Tata Motors' credit score across borrowing services

Tata Motors: Care Rankings reaffirms Tata Motors’ credit score across borrowing services

Mumbai: Credit ranking agency Treatment Scores reaffirmed its assessment of Tata Motors throughout bank services and retail borrowing citing the automakers market position and guardian Tata Group’s backing.
Tata Motors’ very long and short-term bank facilities were reaffirmed at Treatment AA- with a adverse outlook and Care A1+, respectively. In the meantime non-convertible debentures rating was held unchanged at Treatment AA- with a negative outlook. The firm’s business papers ranking was reaffirmed at Care A1+.
The rating favorably factored the liquidity position of the enterprise which was adequate to climate the subdued demand circumstance in the near term, Treatment Scores claimed in a assertion.
“TML (Tata Motors Confined) enjoys huge financial overall flexibility by its advantage of remaining element of Tata Group and has many fund-raising avenues available with business equally at JLR (Jaguar Land Rover) and TML standalone level,” read the press note.
TML has a liquidity buffer of Rs.11,043 crore on standalone basis and £2.58 billion at JLR degree, Care mentioned, incorporating that the money infusion by Tata Sons to the tune of Rs.6494 crore, of which about Rs.3892 crore ended up now acquired in FY20, delivered ease and comfort to the ratings.

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