Tata Communications Limited has informed the Exchange regarding 'Intimation of Credit Ratings under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Tata Communications has received a 'CRISIL AAA/Stable' rating from CRISIL Ratings for proposed Non-Convertible Debentures (NCDs) of ₹1,000 crores. CRISIL has also reaffirmed its 'CRISIL A1+' rating on the company's commercial paper programme. AAA/Stable is the highest investment-grade rating, indicating very strong capacity to meet financial commitments. A1+ is the highest short-term credit rating, reflecting the strongest ability to meet short-term obligations.
This is a positive signal for shareholders — the top-tier AAA rating will help Tata Communications raise the ₹1,000 crore debt at competitive interest rates, lowering borrowing costs. The reaffirmation of A1+ on commercial paper further reinforces confidence in the company's financial health and creditworthiness.