Tata Steel Limited

Net Asset Value • Feb 20, 2019

National Storage Mechanism | Additional information

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RNS Number : 6416Q

Tata Steel Limited

20 February 2019

February 20, 2019

London Stock Exchange

London

Dear Sirs/Madam,

Sub:  Intimation of Revision in Ratings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

This has reference to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended (the "Regulations"). 

Moody's Investors Service has upgraded Tata Steel Limited's corporate family rating (CFR) by one notch to Ba2 from Ba3.

In accordance with the said Regulation(s), please find below the details of revision in ratings for Company:

Name of the Company	Credit Rating Agency	Type of Credit Rating	Existing	Revised
Tata Steel Limited	Moody's	Long term corporate family rating (CFR)	Ba3	Ba2

The report from the credit rating agency covering the rationale for revision in credit rating is enclosed.

This is for your information and records.

http://www.rns-pdf.londonstockexchange.com/rns/6416Q_1-2019-2-20.pdf 

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