Revision in Credit Rating: Tata Steel Limited
Source: RNSApril 16, 2020
London Stock Exchange,
London
Dear Madam, Sirs,
Sub: Intimation of Revision in Ratings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
This has reference to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the "Regulations"). In accordance with the said Regulation(s), please find below the details of revision in ratings for Company and its subsidiary: -
|
Name of the Company |
Credit Rating Agency |
Type of Credit Rating |
Existing |
Revised |
|
Tata Steel Limited |
Moody's Investor Service |
Corporate Family Rating |
'Ba2' Outlook: Stable |
'Ba2' Outlook: Review for Downgrade |
|
Tata Steel UK Holdings Ltd |
Corporate Family Rating |
'B2' Outlook: Stable |
'B3' Outlook: Review for Downgrade |
The report from the credit rating agency covering the rationale for revision in credit rating is enclosed.
http://www.rns-pdf.londonstockexchange.com/rns/8168J_1-2020-4-16.pdf
This is for your information and records.
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