Tata Consumer Products Ltd.

Credit rating agency, ICRA has assigned an A1+ rating to the Rs 75 crore short-term debt (including Commercial Paper) programme of Tata Global Beverages (TGBL). The rating agency has an outstanding rating of A1+ for Rs 315 crore CP / short term debt programme of the company.  The rating reflects the sustained operational and financial performance of the company, despite firm bulk tea prices, as illustrated by the volume growth and healthy contribution levels achieved by the company.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic Beverages Company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.