From India Ratings
Tata Steel has received revision in long term credit ratings from India Ratings to AA+; Stable from AA; Positive. The instrument-wise ratings actions are as follows:Bank facilities - IND AA+/ Stable/ IND A1+ (long term rating upgraded; short term rating affirmed)
Non convertible debentures - IND AA+/ Stable (upgraded)
Commercial paper - IND A1+ (affirmed)
Proposed non-fund based limit - IND AA+/ Stable/ IND A1+ (long term rating upgraded; short term rating affirmed)
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