CARE reaffirms rating of Tata Coffee’s partially convertible debentures

Credit rating agency, CARE has reaffirmed the ‘AA’ rating assigned to the outstanding partially convertible debentures worth Rs 217.30 crore (reduced from 248.30 crore) of Tata Coffee.

The rating continues to draw strength from long-standing track record characterized by competent and experienced management, wide product range, strong parentage of TCL with ‘integrated’ nature of operations, as well as comfortable financial position.

Tata Coffee is arguably the largest integrated coffee plantation company in the world. The company has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products. It owns 19 coffee estates located in ideal coffee growing highlands of Southern India, with fertile soils and invigorating climate.