The ranking company affirmed the Ba1 company household ranking (CFR) of
(). The ranking outlook remains secure, it stated in a press release.
“The rating affirmation reflects the likely recovery in TCL’s consolidated revenue and profitability from the trough during the pandemic fallout in the fiscal year ending March 2021,” Moody’s stated.
It anticipated the restoration to maintain over the upcoming 12 to 18 months.
The secure outlook displays Moody’s view that TCL will maintain income progress throughout all its companies, whereas sustaining its main place within the world soda ash trade.