Announced Thu, 16 Jul · 18:43 IST
Tata Capital gets S&P BBB rating for 400M US dollar note issue
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
+0.7%1-day move
₹350.65
prior close
₹351.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.7+0.7+0.7+0.7-0.1-0.8-2.8-2.5—————
Up moveDown movePending
AI summary
S&P Global Ratings assigned a BBB rating to Tata Capital's US dollar 400 million Senior Unsecured Notes due January 2030, issued under a US dollar 2 billion Medium Term Note Programme. BBB is investment grade, reflecting adequate capacity to meet financial commitments. This is a new rating assignment supporting Tata Capital's overseas fundraising plans.
Likely market impact
New investment grade rating lets Tata Capital raise 400 million US dollars abroad, diversifying its funding sources and expanding global investor reach.