Tata Chemicals Limited -- Moody's: Tata Chemical's weak European Performance Weigh on 3Q Results

Singapore, February 06, 2014 -- Moody's Investors Service says that Tata Chemicals Limited (TCL, Ba2 stable) third quarter results reinforce the case for the restructuring of its European operations, but are overall in line with its rating. Despite the weaker performance, TCL remains within the parameters of its rating and Moody's takes comfort in the company's ability to generate strong funds from operations (FFO) from its leading market position in India and its natural soda ash business in the USA, which are key components towards the company's stability.

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