ICRA assigns rating to bank-facilities of Titan Company

Credit rating agency, ICRA has assigned ‘MAAA’ rating for the Fixed-Deposit Programme of Titan Company. MAAA is the highest-credit-quality rating assigned by ICRA and the outlook on the rating is ‘stable’. The rated deposits programme carries lowest credit risk and the rating is valid till September 18, 2015.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.