TPGL

AcronymDefinition
TPGLTiny Putters Golf League (Los Angeles, CA)
TPGLTorrent Power Generation Limited
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The rating reflects the criticality of the transmission line being set up by TPGL to its owner, Torrent Power Ltd (BOM:532779, rated AA/"stable"/P1+ by CRISIL), and the operational, managerial, and financial support that TPGL is expected to receive from Torrent Power, owing to the strong operational linkages between the two companies.
These rating strengths are partially offset by TPGL's stretched capital structure because of the ongoing debt-funded capital expenditure (capex).
The "stable" outlook on TPGL's long-term loan is based on the rating outlook on Torrent Power's rated instruments.