Tata Steel Long Products receives upgrade in long term issuer rating

From India Ratings and Research

Tata Steel Long Products announced that India Ratings and Research has upgraded the company's long term issuer rating to IND AA+. The outlook is Stable. The instrument-wise rating actions are as follows:

Long term loan/ proposed long term loan/ fund based limits - IND AA+; Stable (upgraded)

Non fund based limits - IND A1+ (affirmed)

Proposed working capital - IND AA+; Stable / IND A1+ (long term rating upgraded / short term rating affirmed)

Commercial paper - IND A1+ (affirmed)

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