Tata Steel achieves investment grade rating from Moody’s

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  • Moody’s upgrades Tata Steel’s long-term issuer rating to Baa3 from Ba1.
  • The rating agency also changes its outlook to ‘stable’ from ‘positive.’
  • The upgrade reflects Tata Steel’s solid market position in India, its large-scale and cost-competitive operations, and its resilient performance amid a challenging industry environment.
  • Tata Steel’s shares rise over 2% on the Bombay Stock Exchange following the rating upgrade.
  • The investment grade rating is expected to make Tata Steel more attractive to investors and open up new opportunities for the company.