India Ratings Affirms TVS Supply Chain Solutions Ltd’s Rating, Revises Outlook to Positive
India Ratings & Research Private Limited has affirmed and revised the outlook on TVS Supply Chain Solutions Ltd (TVS SCS), assigning positive ratings across various instruments including the issuer rating, bank loan facilities, and commercial paper program. The rating actions reflect a favorable reassessment of the company's financial standing.The credit rating agency confirmed the Issuer Rating for TVS SCS as IND AA/Positive, noting that the outlook was revised from Stable to Positive. This positive change applies across multiple debt instruments, including bank loan facilities and commercial paper programs.
Key details regarding the rated instruments are presented below:
| Instrument Type | Rating Action | Amount (INR million) | Agency Rating / Outlook |
|---|---|---|---|
| Issuer rating | Affirmed | - | IND AA/Positive |
| Bank Loan Facilities | Affirmed, Outlook Revised to Positive | 6,770 | IND AA/Positive/IND A1+ |
| Bank Loan Facilities | Assigned | 1,100 | IND AA/Positive/IND A1+ |
| Commercial Paper | Affirmed | 1,000 | IND A1+ |
Commercial Paper and Facility Ratings
In a separate rating action concerning the commercial paper program of TVS SCS, India Ratings assigned an IND A1+ rating. The size of this instrument was confirmed at INR 1,000 million, which represents a reduction from the previous issue size of INR 2,000 million.The company also holds ratings related to various fund and non-fund based working capital limits across several financial institutions:
| Instrument Description | Bank Name | Outstanding/Rated Amount (INR million) | Ratings |
|---|---|---|---|
| Fund Based WorkingCapital Limit | StateBank of India | 1,000.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | Yes Bank Ltd | 1,200.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | Axis Bank Limited | 1,000.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | HDFCBankLimited | 1,000.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | IDFCFirst Bank | 100.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | Standard Chartered bank | 1,120.00 | INDAA/Positive/INDA1+ |
| Fund Based WorkingCapital Limit | DBSBankIndiaLimited | 1,000.00 | INDAA/Positive/INDA1+ |
| Non-Fund Based WorkingCapital Limit | StateBank of India | 350.00 | INDA1+ |
| Non-fund based workingcapital limits | Yes Bank Ltd | 100.00 | INDA1+ |
| Fund Based WorkingCapital Limit | Kotak MahindraBank | 500.00 | INDAA/Positive/INDA1+ |
| Non-Fund Based WorkingCapital Limit | Kotak MahindraBank | 500.00 | INDA1+ |
TVSSCS Stock Price Movement
Today, shares of TVS Supply Chain Solutions Limited edged up to close at ₹138.12 after gaining 1.28%. The stock traded a total volume of 424,047 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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