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Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday, saying that changes to the financial policies are likely to be gradual.The comments by the ratings agency come amid a…
S&P Global said changes around a potential leadership transition and a routine Tata Sons listing would not immediately affect ratings; longer-term public scrutiny could increase pressure on capital allocation and group support.
S&P Global said a potential Tata Sons listing and a Tata Group leadership transition would not immediately affect ratings on the group’s operating companies, and any conglomerate policy changes would likely be gradual.
A potential Tata Sons listing and leadership transition at the Tata Group would not immediately affect ratings on its operating companies, ratings agency S&P Global said on Tuesday, adding that any changes to the conglomerate's financial policies are likely to be gradual.