Announced Tue, 21 Jul · 21:02 IST
CARE Ratings reaffirms TVS Motor top credit ratings, assigns new NCD rating
TVSMOTOR · 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
+3.4%1-day move
₹3790.90
prior close
₹3850.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.7+2.0+2.1+2.5+3.4+2.2+2.4+5.0——————
Up moveDown movePending
AI summary
CARE Ratings reaffirmed TVS Motors highest credit ratings across bank facilities and existing debt. Long term bank facilities of Rs 2,100 crore kept CARE AAA with Stable outlook, short term instruments retained A1+. A new CARE AAA Stable rating was assigned for a proposed Rs 675 crore NCD issue with 5 year bullet repayment.
Likely market impact
Top tier ratings reaffirmed, showing strong credit profile and low borrowing costs for the company.