REG - Tata Steel Limited - Intimation of Revision in Ratings

TATA SteelAnnouncement

15/04/2020 16:40

RNS Number : 7878J
  
Tata Steel Limited
  
15 April 2020
  
 

                                                                                                                
April 15, 2020
 
London Stock Exchange
London
 
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


'BB-'
Outlook: Stable


'B+'
Outlook: Negative




Tata Steel UK Holdings Ltd


Issuer credit rating


'B+'
Outlook: Stable


'B'
Outlook: Negative




ABJA Investment Co. Pte. Ltd. 


Long-term foreign currency issuer credit rating


'BB-'
Outlook: Stable


'B+'
Outlook: Negative




  
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/7878J_1-2020-4-15.pdf
                                                                                                 


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