Moody's Investors Service has upgraded Tata Steel's long-term issuer rating to 'Baa3' from 'Ba1' and maintained a stable outlook. This decision reflects Moody's expectations of improved profitability and reduced debt for the steelmaker, bolstered by its strong market position in India.

Despite challenges such as softer steel prices, Tata Steel's resilient operations and strategic investments are expected to sustain its credit profile. The agency anticipates that domestic steel demand will grow, further supporting Tata Steel's financial stability and operational efficiency in both India and Europe.