Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Tata Chemicals’ long term bank facilities worth Rs 900. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short term bank facilities.
The reaffirmation of ratings continue to derive strength from the long and established track record of the company and its dominant position in the global soda ash industry, diversified revenue streams resulting from a varied product portfolio as well as geographically dispersed sales.
Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products.
