Date:20/03/2008 URL: http://www.thehindu.com/2008/03/20/stories/2008032055361700.htm

Business - Briefly

Moody’s raises Tata Steel rating outlook

NEW DELHI: Global rating agency Moody’s Investors Service on Wednesday raised the outlook on the speculative grade rating of Tata Steel to ‘stable’ from ‘negative,’ after it repaid $3.1 billion of bridge loans, used to fund the buyout of Corus.