Credit rating agency, CARE has reaffirmed ‘A’ rating to Tata Teleservices’ long term bank facilities worth Rs 3,151 crore. The rating agency as also reaffirmed ‘A1’ rating to the company’s short term bank facilities worth Rs 1,405 crore. The company has received the said rating reaffirmation on the back of its strategic alliance with NTT DoCoMo and growing scale of operations. The ratings also factor in the improved operating performance of the company in FY12.
Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
