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Tata boardroom tussle not to impact group cos' ratings: Moody's

Moody's said it does not expect any change in the operating and long-term strategy of the group

Press Trust of India  |  New Delhi 

Moody's Investors Service on Wednesday said it will be business as usual for listed Tata companies despite the boardroom brawl but cautioned that any change in the group's strategy and Tata Sons' support policy for operating companies could exert pressure on their ratings. The ratings of four Tata Group operating companies continue to benefit from an uplift from the group's main holding company, Tata Sons, despite the group's ongoing board reshuffle, it said. "We expect that Tata Sons can continue to extend support to its key operating companies, ...

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Tata boardroom tussle not to impact group cos' ratings: Moody's

Moody's said it does not expect any change in the operating and long-term strategy of the group

Moody's said it does not expect any change in the operating and long-term strategy of the group Moody's Investors Service on Wednesday said it will be business as usual for listed Tata companies despite the boardroom brawl but cautioned that any change in the group's strategy and Tata Sons' support policy for operating companies could exert pressure on their ratings. The ratings of four Tata Group operating companies continue to benefit from an uplift from the group's main holding company, Tata Sons, despite the group's ongoing board reshuffle, it said. "We expect that Tata Sons can continue to extend support to its key operating companies, ... image
Business Standard
177 22

Tata boardroom tussle not to impact group cos' ratings: Moody's

Moody's said it does not expect any change in the operating and long-term strategy of the group

Moody's Investors Service on Wednesday said it will be business as usual for listed Tata companies despite the boardroom brawl but cautioned that any change in the group's strategy and Tata Sons' support policy for operating companies could exert pressure on their ratings. The ratings of four Tata Group operating companies continue to benefit from an uplift from the group's main holding company, Tata Sons, despite the group's ongoing board reshuffle, it said. "We expect that Tata Sons can continue to extend support to its key operating companies, ...

image
Business Standard
177 22