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Tata Power gets revision in ratings from CRISIL

Capital Market 

Tata Power has been graded with AA- (Positive) by CRISIL, a pioneer of credit rating in India.

It has revised Tata Power's ratings for debts instruments and long-term banking facilities from AA-(Stable) to AA-(Positive), indicative of a potential upgrade to a better rating in the forthcoming future. This move came after Tata Power cleared all dues on debentures worth Rs 1,082 crore and term loan of Rs 605 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 07 2019. 18:33 IST