20th Feb 2019 13:40
February 20, 2019
London Stock Exchange
London
Dear Sirs/Madam,
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, as amended (the "Regulations").
Moody's Investors Service has upgraded Tata Steel Limited's corporate family rating (CFR) by one notch to Ba2 from Ba3.
In accordance with the said Regulation(s), please find below the details of revision in ratings for Company:
Name of the Company | Credit Rating Agency | Type of Credit Rating | Existing | Revised |
Tata Steel Limited | Moody's | Long term corporate family rating (CFR) | Ba3 | Ba2 |
The report from the credit rating agency covering the rationale for revision in credit rating is enclosed.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/6416Q_1-2019-2-20.pdf
Related Shares:
Tata Steel