TVS Holdings Limited — Credit Ratings, 10-02-2026: Credit Rating- Others

CARE Ratings has reaffirmed the 'CARE AA+; Stable' rating for TVS Holdings' ₹750 Cr Non-Convertible Debentures-I and assigned 'CARE AA+; Stable' for ₹200 Cr Debentures-II. The ratings reflect TVSHL's strong financial flexibility, healthy capital structure, and significant stake in TVS Motor Company, which provides robust debt cover. The outlook remains Stable.