{"id":382611,"date":"2020-11-06T08:37:54","date_gmt":"2020-11-06T03:07:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382611"},"modified":"2020-11-06T09:47:08","modified_gmt":"2020-11-06T04:17:08","slug":"crisil-upgrades-rating-on-tata-power-ncds-long-term-bank-facilities-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crisil-upgrades-rating-on-tata-power-ncds-long-term-bank-facilities-2\/","title":{"rendered":"CRISIL upgrades rating on Tata Power NCDs, long-term bank facilities"},"content":{"rendered":"<p>Tata Power on Thursday said Crisil has upgraded its rating on the company&#8217;s non-convertible debentures and long-term bank facilities. <\/p>\n<p>&#8220;Crisil has upgraded its rating of The Tata Power Company Ltd to &#8216;Crisil AA&#8217; from &#8216;Crisil AA-&#8216; on the non-convertible debentures and long-term bank facilities, Tata Power said in a regulatory filing. <\/p>\n<p>The outlook on the rating has been revised to &#8216;stable&#8217; from &#8216;positive&#8217;. The rating on Tata Power&#8217;s commercial paper programme has been reaffirmed at Crisil A1+, it said. <\/p>\n<p>Tata Power said the rating upgrade has been driven by the de-leveraging initiatives such as sale of non-core assets (South African wind asset and shipping business) and the preferential allotment of equity undertaken by the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Thursday said Crisil has upgraded its rating on the company&#8217;s non-convertible debentures and long-term bank facilities. &#8220;Crisil has upgraded its rating of The Tata Power Company Ltd to &#8216;Crisil AA&#8217; from &#8216;Crisil AA-&#8216; on the non-convertible debentures and long-term bank facilities, Tata Power said in a regulatory filing. The outlook on the rating has been revised to &#8216;stable&#8217; from &#8216;positive&#8217;. The rating on Tata Power&#8217;s commercial paper programme has been reaffirmed at Crisil A1+, it said. Tata Power said the rating upgrade has been driven by the de-leveraging initiatives such as sale of non-core assets (South African [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-382611","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382611"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382611\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}