Fitch affirms Tata Chemicals at BB-plus with stable outlook

Fitch Ratings has affirmed Tata Chemicals Ltd’s (TCL’s) long-term foreign currency issuer default rating at BB-plus with a stable outlook. It said the rating reflects TCL’s leading position as the world’s third-largest soda ash producer, its cost-competitive operations and geographical diversification, a healthy financial profile despite pandemic-related disruptions, and the soda-ash sector’s adequate exposure […]