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.