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The Times of India
The Times of India
Business
Bloomberg

Tata Steel raised to investment grade by Moody’s

Tata Steel Moody TATA Tata Steel Ltd

Moody’s Investors Service upgraded Tata Steel Ltd’s long-term rating with a stable outlook on expectation of an improvement in profits and its debt reduction efforts.

The firm’s long-term rating was upgraded to Baa3 from Ba1, the ratings agency said Monday. “The upgrade reflects our expectation of the continued strength in Tata Steel’s credit profile due to the company’s solid market position in India,” it said.

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