Tata Steel Upgraded to IG; Tata Motors and JLR also Upgraded
Tata Steel, Tata Motors and JLR were upgraded by S&P. With the upgrade, Tata Steel and its 100%-owned subsidiary ABJA Investment have now moved to investment-grade (IG), making it a rising star. S&P upgraded the steel major to BBB- from BB. Tata Motors and its...
Tata Steel Upgraded to Ba1 by Moody’s
Tata Steel’s corporate family rating has been upgraded to Ba1 from Ba2 with a stable outlook by Moody’s on better-than-anticipated operating performance and a reduction in gross debt. Moody’s said “The rating upgrade reflects the expectation of...
Tata Steel Upgraded To BB By Fitch After Robust Q4 Results
Indian steel major Tata Steel Limited (TSL) has been upgraded to BB from BB- with a stable outlook by Fitch Ratings. The rating agency has also raised the rating of its $1bn 5.95% 2024s issued through TSL’s subsidiary, ABJA Investments to BB from BB- while...
