Tata Steel Ltd: Intimation of revision in rating
Updated : 13:11
April 6, 2021
London Stock Exchange,
London
Dear Madam, Sir(s),
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 | S&P Global Ratings | Issuer credit rating | 'B+' Outlook: Stable | 'BB-' Outlook: Stable |
ABJA Investment Co. Pte. Ltd. | Long-term foreign currency issuer credit rating | 'B+' Outlook: Stable | 'BB-' Outlook: Stable |
The report from the credit rating agency covering the rationale for revision in credit rating is enclosed herewith.
http://www.rns-pdf.londonstockexchange.com/rns/5302U_1-2021-4-6.pdf
This is for your information and records.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.