Tata Tea Updates on ICRA rating for NCD

Tata Tea Ltd has announced that ICRA has revised the long-term rating of 6% Non-Convertible Debentures of Rs 100 crores of the Company (outstanding Rs 90 crores) from LAAA to LAA+. The long term rating against these debentures which are due for repayment in June 2007 has been revised to reflect the revision in long term credit protection indicators for the Company.

Source : Equity Bulls

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