Fitch assigns 'BBB' Currency Issuer Rating to Tata Chemicals

Mumbai, Jan 17 (UNI) For the first time, the New York-based Fitch Ratings today assigned the prestigious investment grade 'BBB-Foreign Currency Issuer Default' rating to Tata Chemicals.

It is pertinent to note here that recently, TCL was also awarded the 'BAA3 Foreign Currency Issuer' rating by Moody's Investors Service.

The Fitch rating outlook is stable reflecting it's assessment of TCL's through-the-cycle financial profile and also factors in the proposed capital expenditure on expanding facilities, a company release said.

UNI