Credit rating agency, CARE has reaffirmed ‘A’ rating to Tata Teleservices (Maharashtra’s) (TTML) long term bank facilities worth Rs 3385.53 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term fund based bank facilities worth Rs 125 crore.
The ratings continue to factor in the financial support derived by virtue of the company being part of the Tata group and its strategic importance as the group operates in domestic mobile communication segment through TTML along with associate company Tata Teleservices.
Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
