Announced Tue, 7 Jul · 16:58 IST
ICRA reaffirms AAA rating on Titan credit facilities; FD programme size reduced
Credit & Debt View source PDF
TITAN · price
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Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹4591.20
prior close
₹4590.40
base price
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AI summary
ICRA reaffirmed Titan Company's AAA (Stable) rating on 6 July 2026 across credit facilities totalling Rs. 18,750 crores. This covers working capital facilities of Rs. 14,750 crores and term loans of Rs. 1,000 crore. The fixed deposit programme was rated AAA (Stable) for a reduced amount of Rs. 3,000 crores, down from Rs. 6,200 crores earlier.
Likely market impact
Top-tier AAA rating reaffirmed signals strong financial health and low default risk; smaller FD programme size is a minor negative for retail FD investors.