Tata Power Secures Ratings Upgrade on Stronger-Than-Expected Support from Tata Sons
The ratings upgrade is largely attributed to the expectation of “extraordinary support” from Tata Power’s parent company, Tata Sons, which has proven to be more robust than the ratings agency initially anticipated. S&P Global Ratings has upgraded Tata Power’s credit rating, removing the “CreditWatch with positive implications” status that the company had been under since …