Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Bombay Burmah Trading Corporation’s (BBTCL) Short-term bank facilities worth Rs 50 crore. The company has received the said rating on the back of its strategic importance to the Wadia group as it holds investments in the major companies of the group like Britannia Industries and also as it supports the group companies by providing inter-corporate deposits (ICDs) from time to time.
Bombay Burmah Trading Corporation is engaged in plantation activities which mainly consist of tea and coffee estates and industrial activities which include manufacturing of automotive products, electronic balances and dental products. Furthermore, the company is the investing arm of the group and holds investments in many group companies.
