From India Ratings and Research
Tata Steel Long Products announced that India Ratings and Research has upgraded the company's long term issuer rating to IND AA+. The outlook is Stable. The instrument-wise rating actions are as follows:Long term loan/ proposed long term loan/ fund based limits - IND AA+; Stable (upgraded)
Non fund based limits - IND A1+ (affirmed)
Proposed working capital - IND AA+; Stable / IND A1+ (long term rating upgraded / short term rating affirmed)
Commercial paper - IND A1+ (affirmed)
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