 "Tata Steel")
S&P Global Ratings expects Tata Sons, the holding company of Tata Group, to have a positive influence on the long-term strategy and financial policies of its group entities including Tata Steel.
The rating agency expects the credit profile of Tata Steel Ltd to strengthen due to its importance to Tata Sons Pte. Ltd., with potential for financial support, if required, it said today.
“We have observed Tata Sons and its subsidiaries and associates become a more cohesive group in recent years,” said the ratings agency.
The incorporation of group support into the ratings on Tata Steel follows reassessment of potential
