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Crisil raises Tata Chemicals NCD
rating
Financial Express — April
6, 2004
Crisil has upgraded the Rs 1.91 billion non-convertible debenture
programme of Tata Chemicals to 'AA+' with a stable outlook
from 'AA' with a positive outlook. The upgrade is within the
high safety grade. Crisil said the upgrade reflected the benefits
that would accrue to Tata Chemicals following its acquisition
of Hind Lever Chemicals, which is expected to reduce debt
and interest costs. |
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