The Hindu Business Line : Crisil raises Tata Fin outlook to `positive'

The outlook reflects a significant improvement in the company's earnings profile and an expectation that the company will report a net profit in the financial year 2003-04, said a press release.

"In Crisil's view, the improved resources profile as evidenced by the reduced cost of funds and the lower than expected loss levels from its non-core assets would be key catalysts enabling Tata Finance to register profits at the net level for FY 2003-04," the release said.

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