Tata Teleservices (Maharashtra) gets ratings revision from CARE

Tata Teleservices (Maharashtra) announced that CARE Ratings has assigned the following ratings for bank facilities of the company –

Long term bank facilities term loan (Rs 1192.50 cr) – CARE A+; Stable (assigned)

Long term bank facilities fund based cash credit (Rs 50 cr) – CARE A+; Stable (Long Term rating reaffirmed, outlook assigned to Stable, and removed from Credit Watch with Developing Implications)

Short term bank facilities non fund based BG/ LC (Rs 209 cr) – CARE A1+ (Short term rating reaffirmed, removed from credit watch with developing implications)