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Moody's upgrades Tata Steel's corporate family rating to Ba2

21 Feb 2019 Evaluate

Moody's Investors Service has upgraded Tata Steel's corporate family rating, reflecting the sustained improvement in the company's credit profile. It has upgraded Tata Steel's CFR to Ba2 from Ba3, while the outlook has been changed to stable from positive. The corporate family ratings (CFRs) are opinions of a corporate group's ability to honour all of its financial obligation.

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.

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