Tata Steel Ltd.

Global rating agency Moody’s has upgraded Tata Steel’s corporate family rating to Ba1 with a stable outlook. The upgrade reflects the group-wide refinancing and the improved liquidity which will support further growth of its highly profitable Indian operations.

Moody’s also confirmed Tata Steel UK Holdings’ corporate family rating and probability of default rating at B2/B2-PD with a positive outlook.

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.