India Ratings affirms Tata Housing’s commercial paper at IND A1+
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The proceeds from the commercial paper will be utilised to fund any working capital mismatches and meet general corporate purposes.
The ratings agency has counted continued strong strategic linkages with Tata Sons, strong brand and long operational track record, diversified portfolio, adequate liquidity indicators as key rating drivers.
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India Ratings and Research has affirmed Tata Housing Development Company’s Rs 1,200-crore commercial paper (CP) rating at IND A1+.
The proceeds from the commercial paper will be utilised to fund any working capital mismatches and meet general corporate purposes.