TVS Motor Company has announced that CARE Ratings Limited has reaffirmed its credit ratings for various company instruments. The ‘AAA’ rating with a ‘Stable’ outlook has been maintained for long-term bank facilities and long-term/short-term bank facilities. Additionally, the ‘A1+’ rating has been reaffirmed for commercial paper and short-term bank facilities. One short-term instrument was withdrawn due to full redemption.
TVS Motor Company Receives Reaffirmed Credit Ratings
TVS Motor Company Limited has received updated credit ratings from CARE Ratings Limited. The ratings reflect the company’s strong operational and financial performance for FY26 (Audited) and Q1FY27 (Unaudited).
Bank Facility Ratings Reaffirmed
CARE Ratings has reaffirmed the following ratings for TVS Motor Company’s bank facilities:
- Long Term Bank Facilities: Rated amount of ₹3,241.65 crore (enhanced from ₹2,100.00 crore) has been reaffirmed with a ‘CARE AAA; Stable’ rating and a ‘Reaffirmed’ action.
- Long Term / Short Term Bank Facilities: Rated amount of ₹1,008.35 crore (enhanced from ₹950.00 crore) has been reaffirmed with a ‘CARE AAA; Stable / CARE A1+’ rating and a ‘Reaffirmed’ action.
- Short Term Bank Facilities: Rated amount of ₹608.00 crore has been reaffirmed with a ‘CARE A1+’ rating and a ‘Reaffirmed’ action.
Commercial Paper and Debenture Ratings
The rating for Commercial Paper with an amount of ₹500.00 crore has been reaffirmed as ‘CARE A1+’. Ratings for Non-Convertible Debentures totaling ₹1,000.00 crore (₹125.00 crore + ₹175.00 crore + ₹25.00 crore + ₹675.00 crore) have been reaffirmed as ‘CARE AAA; Stable’.
Instrument Withdrawal
One facility, Short Term Instruments with a rated amount of ₹1900.35 crore, has been marked as ‘Withdrawn’ due to full redemption.
Source: BSE
