Fitch affirms Tata Chemicals at BB-plus with stable outlook ...Middle East

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Fitch affirms Tata Chemicals at BB-plus with stable outlook
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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 to non-discretionary end-markets.

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