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Last checked at 
1 Apr 2016 16:53
April 01, 2016
London Stock Exchange
London
Dear Sirs/Madam,
Sub: Intimation of Revision in Ratings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
This has reference to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the "Regulations").
The sharp fall in international steel prices and the challenging conditions facing the global steel industry triggered a review of Tata Steel's credit rating by Fitch. The Long-Term Foreign Currency Issuer Default Rating (IDR) has been downgraded by 1 notch.
In accordance with the said Regulation(s), please find below the details of revision in ratings for Company and its subsidiaries:-
Name of the Company | Credit Rating Agency | Type of Credit Rating | Existing | Revised |
Tata Steel Limited | Fitch Ratings | Long-Term Foreign Currency IDR | BB+ | BB |
Tata Steel UK Holdings Ltd | Long-Term Foreign Currency IDR | B+ | B | |
ABJA Investment Co. Pte. Ltd. | Issue rating on the Company's guaranteed senior unsecured notes | BB+ | BB |
The report from the credit rating agency covering the rationale for revision in credit rating is enclosed.
This is for your information and records.
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