Crisil assigns AAA rating for Tata Sons'' Rs 75-cr NCD issue

By Mumbai: | 16 May 2003

1
Mumbai: Crisil has assigned AAA rating to Tata Sons' Rs 75-crore non-convertible debenture (NCD) issue.

The ratings continue to reflect Tata Sons' leading business position in the Indian software industry as well as its significant financial flexibility arising from its status as the principal holding company of the large and diversified Tata group.

Crisil has also reaffirmed the existing ratings of its Rs 1,750-crore worth NCD issues, fixed deposit programme and Rs 150-crore commercial paper programme.

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