18.06.2014 17:29:00
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Tata Steel Ltd. -- Moody's affirms ratings of Tata Steel and Tata Steel UK Holdings and maintains negative outlooks
Singapore, June 18, 2014 -- Moody's Investors Service has affirmed the ratings of Tata Steel Limited ("TSL") and Tata Steel UK Holdings Limited ("TSUKH") and maintained the negative outlook on both companies' ratings. The ratings affirmed are TSL's corporate family rating of Ba3, TSUKH's corporate family rating and probability of default rating at B3 and B3-PD, respectively, and the B3/LGD 3(49%) rating of TSUKH's term loan facility.