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CARE reaffirms ratings to TTML’s Bank Facilities

31 Dec 2013 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed A rating to Tata Teleservices (Maharashtra)’s (TTML) Long-term Bank Facilities worth Rs 3,695.90 crore and A1 rating to Short-term Bank Facilities worth Rs 1,416.21 crore. 

The ratings continue to factor in the financial support derived by virtue of Tata Teleservices (Maharashtra)  (TTML) being part of the Tata group and its strategic importance as the group operates in domestic mobile communication segment through TTML along with the associate company TTSL.

Peers
Company Name CMP
Bharti Airtel 1832.00
Vodafone Idea 14.96
Indus Towers 387.65
Tata Communications 1763.25
Railtel Corp. India 259.85
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