Titan Company receives credit ratings from Brickwork Ratings

Titan Company announced that Brickwork Ratings has assigned the below ratings of Titan Company Limited on 24 April 2020 as follows:

Proposed Commercial Paper (Rs 900 crore) - BWR A1+ (Assigned)

Proposed Cash Credit (Rs 1000 crore) - BWR AAA / Stable (Reaffirmed)

Gold Metal Loan (GML)/ Gold Loan (Clean) (Rs 2735 crore) - BWR A1+ (Reaffirmed)

Proposed Gold Metal Reaffirmed Loan / Gold Loan (Rs 1265 crore) - BWR A1+ (Reaffirmed)

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