REG - Tata Steel Limited - Revision in Credit Rating: Tata Steel Limited
RNS Number : 8168JTata Steel Limited16 April 2020April 16, 2020
London Stock Exchange,
London
Dear Madam, Sirs,
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
Moody's Investor Service
Corporate Family Rating
'Ba2'
Outlook: Stable
'Ba2'
Outlook: Review for Downgrade
Tata Steel UK Holdings Ltd
Corporate Family Rating
'B2'
Outlook: Stable
'B3'
Outlook: Review for Downgrade
The report from the credit rating agency covering the rationale for revision in credit rating is enclosed.
http://www.rns-pdf.londonstockexchange.com/rns/8168J_1-2020-4-16.pdf
This is for your information and records.
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