July 23, 2025
London Stock Exchange
London
Dear Madam, Sirs,
Sub: Update on Credit Rating
This is to inform you that, Moody's, an international credit rating agency, has on July 22, 2025, completed the periodic review of credit rating of Tata Steel Limited ('Company'). The Company's 'Baa3' issuer rating and 'Stable' rating outlook remain unchanged.
The press release from Moody's is enclosed for reference.
This disclosure is made pursuant to Regulations 30, 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/2157S_1-2025-7-23.pdf
Encl.: As Above
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