New Delhi, Dec. 1 -- CARE Ratings assigned a stable outlook to Tata Chemicals (TCL) on Monday, reaffirming the company's credit ratings despite ongoing challenges in the global soda ash market. This reaffirmation highlights TCL's robust business model and financial resilience, supported by its leadership position in the global soda ash industry and strategic importance within the Tata Group, the ratings agency said in an official statement.

CARE has reaffirmed TCL's long-term bank facilities at Rs.1,300 crore with a CARE AA+; Stable rating and short-term bank facilities at Rs.2,000 crore with a CARE A1+ rating. Additionally, non-convertible debentures totaling Rs.1,700 crore were reaffirmed at CARE AA+; Stable, while a new issuance of Rs...