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Update on Credit Rating

24th Dec 2025 12:34

RNS Number : 8706M

Tata Steel Limited

24 December 2025

Ref.: SEC/1442/2025-26

December 24, 2025

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Update on Credit Rating

This is to inform you that on December 24, 2025, S&P Global Ratings affirmed its issuer credit ratings on Tata Steel at 'BBB' with a Stable Outlook. The ratings affirmation reflects S&P's view that higher volumes and cost-reduction initiatives can balance the effects of recently announced growth projects on Tata Steel's leverage metrics.

The report from S&P Global 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.

Encl.: As Above http://www.rns-pdf.londonstockexchange.com/rns/8706M_1-2025-12-24.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

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