Tamil Nadu Newsprint & Papers gets ratings assigned for proposed commercial paper issue

From CRISIL

Tamil Nadu Newsprint & Papers announced that the Company has received rating from CRISIL, a leading rating agency for Commercial Papers to be issued for an amount of Rs. 50 crore, duly rated as 'A1+ (SO)' by CRISIL,. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

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