Announced Thu, 25 Jun · 20:53 IST
CARE Ratings upgrades TVS Motor's long-term rating to AAA; Stable
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
-3.0%1-day move
₹3578.00
prior close
₹3542.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.1+0.1-0.1-3.0-2.4+1.5+1.3+3.5+1.9+0.3———
Up moveDown movePending
AI summary
CARE Ratings has upgraded TVS Motor Company's long-term credit rating from CARE AA+; Stable to CARE AAA; Stable. The upgrade applies to long-term bank facilities of Rs. 2,100 crore, long-term/short-term bank facilities of Rs. 950 crore, and non-convertible debentures of Rs. 25 crore and Rs. 175 crore. Short-term ratings on Rs. 608 crore bank facilities and the Rs. 500 crore commercial paper programme have been reaffirmed at CARE A1+.
Likely market impact
Upgrade to AAA from AA+ signals stronger credit profile, likely lower borrowing costs, and improved investor confidence in TVS Motor.