Revision in Credit Rating: Tata Steel Limited

April 16, 2020

London Stock Exchange,

London

Dear Madam, Sirs,

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: -

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

http://www.rns-pdf.londonstockexchange.com/rns/8168J_1-2020-4-16.pdf

This is for your information and records.