Tata Teleservices (Maharashtra) gets upgradation in credit ratings

From CRISIL

Tata Teleservices (Maharashtra) announced that CRISIL has upgraded its ratings on the bank loan facilities of the Company to CRISIL AA-/CRISIL A1+ from CRISIL A/CRISIL A1. The ratings have been removed from 'Watch with Developing Implications' and 'a Stable' outlook has been assigned to the long term facilities.

Total Bank facilities rated - Rs 5166 crore

Long term rating - CRISIL AA-/Stable
Short term rating - CRISIL A1+

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