Global rating agency Moody’s has revised upwards its ratings outlook on Tata Steel and Tata Steel UK Holdings to ‘stable’ from ‘negative’. The agency expects that the benign operating environment and recovery in the financial performance of Tata Steel UK and Tata Steel over the last few quarters will continue over a longer term, leading to a sustained improvement in its credit metrics.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
