S&P assigns BBB rating to Tata Capital USD notes drawdown

New credit facilityCredit & Debt View source PDF Explain this filing

TATACAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹357.70

prior close

₹357.85

announcement price

After-mkt

timing

Nifty 100market-0.1%-1.9% vs market

Non Banking Financial Company (NBFC) peers, median of 217sector+0.0%-2.0% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty 100 and 2.0 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.3

15m

-0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.1-1.9+0.0-2.0

Next day

-1.3+0.8-2.1+0.0-1.3

-1.3+0.6-1.9+0.0-1.3

-2.0+0.5-2.6-0.5-1.5

-2.7-0.2-2.5-0.7-2.0

-4.7-0.8-3.9-1.2-3.5

-1.9-0.2-1.7-0.7-1.2

15d

+7.7+2.5+5.2-0.5+8.2

+0.4+1.3-0.9-1.0+1.4

-3.8-3.4-0.5-1.7-2.2

-9.6-4.0-5.7-3.8-5.8

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 217Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.