Credit rating agency, CARE has reaffirmed A1+rating to Tata Communication’s Short-term Bank Facilities worth Rs 1,704 crore which was reduced from Rs 1,814 crore and Short-term Debt (STD) worth Rs 1,150 crore which was reduced from Rs 1,650 crore.
The rating agency has reaffirmed AA+ rating to the company’s Non-Convertible Debenture (NCD) worth Rs 1,150 crore which was reduced from Rs 2,350 crore. The rating agency has also reaffirmed AA+ (Is) rating to the company’s Issuer Rating.
The company has received the said rating reaffirmation on the back of its strong parentage, dominant position of the company in the global voice segment, diversification of revenues and improved operating performance owing to the increased focus on high margin data and managed services.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
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