15.11.2013 10:45:00
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Moody's: Tata Steel's better 1H results arrest declining credit quality
Singapore, November 15, 2013 -- Moody's Investors Service says that Tata Steel's half year results ended 30 September 2013 demonstrate signs of improvement in its European business, which has been the main driver of recent ratings pressures. The ratings of Tata Steel (TSL Ba3) and Tata Steel UK Holdings (TSUKH B3) both carry negative outlooks.