Titan Company Limited has informed the Exchange about Credit Rating
TITAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed Titan Company's highest credit ratings across all instruments — [ICRA]AAA (Stable) for long-term facilities and [ICRA]A1+ for short-term commercial paper. The total rated amount stands at Rs. 17,005 crore across fixed deposits (Rs. 6,200 crore), commercial paper (Rs. 2,500 crore), term loans (Rs. 1,000 crore), and working capital facilities. Notably, the working capital facility limit was enhanced from Rs. 5,200 crore to Rs. 7,305 crore, an increase of Rs. 2,105 crore, reflecting the lender's confidence in Titan's credit profile.
Positive for shareholders — the reaffirmation of the top-tier AAA/A1+ ratings with a Stable outlook signals strong financial health and easy access to low-cost debt. The increased working capital limit provides more headroom for business operations, supporting growth without dilution.