New Delhi: Moody’s Investors Service on Friday stated the score outlook of Tata Chemicals remains steady with a possible restoration within the firm’s income.
The score company affirmed the Ba1 company household score (CFR) of Tata Chemicals Ltd (TCL). The score outlook remains steady, it stated in a press release.
“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 stated.
It anticipated the restoration to maintain over the upcoming 12 to 18 months.
The steady outlook displays Moody’s view that TCL will maintain income progress throughout all its companies, whereas sustaining its main place within the world soda ash business. PTI MJH HRS hrs
This story has been printed from a wire company feed with out modifications to the textual content.
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