Tata Steel gets revision in credit ratings

From CARE Ratings

Tata Steel announced that according to CARE Ratings, the uncertainties relating to disposal/ restructuring of Tata Steel's UK business has trigged a revision in Tata Steel's credit ratings. The rating has been downgraded by one notch.

Unsecured NCD - CARE AA; Stable (Revised from CARE AA+; Stable)
Long term unsecured rupee loan - CARE AA; Stable (Revised from CARE AA+; Stable)
Unsecured subordinated perpetual securities - CARE AA-; Stable (Revised from CARE AA; Stable)

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