- Title:
Intimation of Revision in Ratings - Time:
16:37:05 - Date:
15 Apr 2020 - Category:
Miscellaneous - ID:
7878J
April 15, 2020
London Stock Exchange
London
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 (the "Regulations"). In accordance with the said Regulation(s), please find below the details of revision in ratings for Company and its subsidiary: -
| Name of the Company |
Credit Rating Agency |
Type of Credit Rating |
Existing |
Revised |
| Tata Steel Limited |
S&P Global Ratings |
Issuer credit rating |
'BB-' Outlook: Stable |
'B+' Outlook: Negative |
| Tata Steel UK Holdings Ltd |
Issuer credit rating |
'B+' Outlook: Stable |
'B' Outlook: Negative |
|
| ABJA Investment Co. Pte. Ltd. |
Long-term foreign currency issuer credit rating |
'BB-' Outlook: Stable |
'B+' Outlook: Negative |
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/7878J_1-2020-4-15.pdf
Intimation of Revision in Ratings16:37:0515 Apr 2020Miscellaneous7878J