Tamil Nadu Newsprint & Papers get revision in credit ratings

From ICRA

Tamil Nadu Newsprint & Papers has receives revision in credit rating from ICRA as under -

Term loans Rs 2080 crore - ICRA A reaffirmed; Outlook revised from Stable to Negative.

Short term fund based Rs 75 crore - ICRA A2+ revised from ICRA A1

Long term/short term fund based/non fund based Rs 675 crore - ICRA A reaffirmed; Outlook revised from Stable to Negative; ICRA A2+ revised from ICRA A1.

Commercial Paper Rs 10 crore - ICRA A2+ revised from ICRA A1.

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