Announced Wed, 15 Jul · 17:57 IST
S&P assigns BBB rating to Tata Capital USD notes drawdown
TATACAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹357.70
prior close
₹357.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.3-0.6-1.3-1.3-2.0-2.7-4.7-1.9————
Up moveDown movePending
AI summary
S&P Global Ratings has assigned a 'BBB' rating to Tata Capital's proposed US dollar denominated senior unsecured notes. The notes will be issued as a drawdown from the company's existing US dollar 2 billion medium term notes programme. The rating matches Tata Capital's existing long term issuer credit rating of BBB with a stable outlook and A-2 short term rating.
Likely market impact
Investment grade rating supports Tata Capital's plan to raise overseas funds at competitive rates, reflecting strong credit quality and stable outlook.