No Change in Tata Steel’s Rat­ings: Moody’s

The Economic Times - - Econ­omy: Macro, Mi­cro & More - Our Bureau.

Moody’s In­vestor Ser­vices have kept Tata Steel (Ba3 neg­a­tive) and Tata Steel UK’s (TSUKH, B3 neg­a­tive) rat­ings un­changed, say­ing that al­though im­prov­ing, credit met­rics have yet to catch up with their re­spec­tive rat­ing cat­e­gories, re­ports Moody’s com­ment fol­lows Tata Steel’s re­sults which re­ported con­sol­i­dated rev­enue of ₹ 832 bil­lion and con­sol­i­dated un­der­ly­ing EBITDA of ₹ 98 bil­lion for April-De­cem­ber 2016 which were up 3% and 90% re­spec­tively from a year ago.

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