Credit rating agency, ICRA has assigned an ‘A1+’ rating for the Rs 30 crore Commercial Paper (CP) programme of Tata Coffee.
The rating factors in the company’s healthy operating profitability, its focus on quality and the integrated nature of operations of the standalone entity, which mitigates the adverse effects of volatile coffee prices, to an extent, and the strong capital structure and debt coverage indicators of the standalone operations.
Tata Coffee, a 57.48% subsidiary of Tata Global Beverages, is a fully integrated coffee company with its own coffee plantations, coffee curing factories, roasted and ground (R&G) coffee facility and instant coffee production plants.
