Tata Steel numbers to improve on India ramp-up, UK operations rejig: Moody’s

NEW DELHI: Moody’s Investors Service today said greenfield expansion of Tata Steel operations in India and expected restructuring of UK operations improve earnings, but kept its ratings unchanged. The global ratings agency in February downgraded credit ratings of Tata Steel by two notches to Ba3 from Ba1 on a weaker than expected operating performance in …

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