TVS Holdings Limited — Credit Ratings, 13-04-2026: Credit Rating

CRISIL Ratings has reaffirmed TVS Holdings' Non-Convertible Debentures (NCDs) worth Rs 1,000 Cr at 'CRISIL AA+/Stable' and withdrew its Rs 650 Cr Long Term Bank Facility rating. The reaffirmation reflects healthy debt cover and strong financial flexibility, supported by its 50.26% stake in TVS Motor Company, which maintains robust business performance.