15
Sep
09:17
Tata ratings hike on strong operating performance: Moody’s
Moody’s has upgraded Tata Steel’s corporate family ratings from Ba2 to Ba1, on the back of strong operating performance. However, the rating outlook remains stable, Kallanish notes.
“The upgrade to Ba1 reflects our view that Tata Steel's better-than-anticipated operating performance this fiscal year and a step-change reduction in gross debt have materially strengthened its credit metrics,” says Moody’s vice president Kaustubh Chau…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous