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01.04.2016 08:46:00
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Tata Steel Ltd. -- Moody's: Tata Steel's Planned Sale of UK Business Will Ease Pressure on Tata Steel's and TSUK Holdings' Operating Performance
Singapore, April 01, 2016 -- Moody's Investors Service says that Tata Steel Ltd.'s (Ba3 negative) planned restructuring/divestment of its UK businesses is credit positive because it will reduce some of the negative pressure on its operating performance. However pending finalization of the restructuring plan and the uncertainty around the extent of improvement in the credit profiles of Tata Steel and Tata Steel UK Holdings Limited (TSUK Holdings, B3 negative), there is no immediate impact on the ratings on Tata Steel and TSUK Holdings.
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