Close
Company Search
Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Update on credit rating

24th Feb 2025 16:49

RNS Number : 2582Y
Tata Steel Limited
24 February 2025
 

February 24, 2025

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Update on Credit Rating

 

This is to inform you that, at the request of Tata Steel Limited ('Company'), Brickwork Ratings India Private Limited ('Brickwork Ratings') has today i.e., on February 24, 2025, withdrawn the credit rating assigned by it to the Company's rated, listed, unsecured, redeemablenon-convertible debentures aggregating to ₹1,000 crore, having ISIN INE081A08215 ('NCDs'). The report from Brickworks Ratings inter alia mentioning their rationale for the withdrawal of credit rating is enclosed for reference.

 

The abovementioned NCDs continue to be rated by the other existing credit rating agencies, without change in their respective credit ratings, the details of which are provided below:

 

SN

Name of the existing Credit Rating Agency

Existing Credit Rating

1

India Ratings and Research Private Limited

AAA

2

CARE Ratings Limited

AA+

 

This disclosure is made pursuant to Regulation(s) 30 and 51 read with Schedule III and other applicable provisions 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/2582Y_1-2025-2-24.pdf 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.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.
 
END
 
 
MSCUSSNRVBUUUAR

Related Shares:

Tata Steel
FTSE 100 Latest
Value8,871.31
Change61.57