 "tata steel")
Moody's Investors Service has confirmed Tata Steel Ltd's Ba2 corporate family rating (CFR), and has changed its outlook to negative from ratings-under-review.
At the same time, Moody's has confirmed the B3 CFR of Tata Steel UK Holdings Limited (TSUKH), a wholly-owned subsidiary of Tata Steel, and changed its outlook to negative from ratings-under-review as well. Subsequently, Moody's will withdraw the B3 CFR of TSUKH, for its own business reasons, the agency said today in a release.
"The confirmation of Tata Steel's Ba2 CFR recognises that while the company's credit profile will deteriorate due to the challenges brought on by the pandemic, its
