India markets closed
  • BSE SENSEX

    52,344.45
    +21.12 (+0.04%)
     
  • Nifty 50

    15,683.35
    -8.05 (-0.05%)
     
  • USD/INR

    74.1390
    -0.0100 (-0.01%)
     
  • Dow

    33,290.08
    -533.37 (-1.58%)
     
  • Nasdaq

    14,030.38
    -130.97 (-0.92%)
     
  • BTC-INR

    2,664,072.00
    -112,694.25 (-4.06%)
     
  • CMC Crypto 200

    888.52
    -51.42 (-5.47%)
     
  • Hang Seng

    28,801.27
    +242.68 (+0.85%)
     
  • Nikkei

    28,964.08
    -54.25 (-0.19%)
     
  • EUR/INR

    87.6024
    -0.7431 (-0.84%)
     
  • GBP/INR

    101.9184
    -1.3460 (-1.30%)
     
  • AED/INR

    20.1410
    -0.0020 (-0.01%)
     
  • INR/JPY

    1.4834
    -0.0006 (-0.04%)
     
  • SGD/INR

    55.0800
    -0.1820 (-0.33%)
     

Rating outlook of Tata Chemicals remains stable: Moody's

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
  • Oops!
    Something went wrong.
    Please try again later.

New Delhi, Jun 11 (PTI) Moody's Investors Service on Friday said the rating outlook of Tata Chemicals remains stable with a likely recovery in the company's revenue.

The rating agency affirmed the Ba1 corporate family rating (CFR) of Tata Chemicals Ltd (TCL). The rating outlook remains stable, it said in a statement.

'The rating affirmation reflects the likely recovery in TCL's consolidated revenue and profitability from the trough during the pandemic fallout in the fiscal year ending March 2021,' Moody's said.

It expected the recovery to sustain over the upcoming 12 to 18 months.

The stable outlook reflects Moody's view that TCL will sustain revenue growth across all its businesses, while maintaining its leading position in the global soda ash industry. PTI MJH HRS hrs

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting