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ICRA reaffirms 'LAA+' rating to
Tata Chem
The Free Press Journal — October
5, 2004
Credit rating agency ICRA on Monday reaffirmed the high safety
'LAA+' rating to the Rs 125 crore Non-convertible Debentures
of Tata Chemicals Ltd. The rating factored TCL's strong competitive
position in both the fertiliser and inorganic chemicals businesses,
favourable financial risk profile and its strong liquidity
position, ICRA said in a release here. The rating also considered
the company's strong parentage, being a part of the Tata group,
it added.
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