CARE Ratings Limited has reaffirmed the 'CARE A1+' rating for Tata Consumer Products Limited's short-term instruments. The rating covers commercial paper and short-term loans worth ₹1,500 Crore.
Tata Consumer Products Limited received a credit rating reaffirmation from ICRA Limited for instruments totalling ₹2,350 Crore. The company's long-term and short-term bank facilities were reaffirmed at [ICRA] AAA (Stable) and [ICRA] A1+ respectively, while Commercial Papers were reaffirmed at [ICRA] A1+, reflecting strong financial stability.
