TATA POWER CO.LTD. - Rating by Standard and Poor's

Tata Power Company Ltd has informed BSE that Standard & Poor's Rating Services has completed its annual surveillance on Tata Power credit rating and has reaffirmed B+ rating while revising the outlook downward from "positive" to "stable".<BR><BR>The reasons for downward revision in outlook were slow progress on tariff revision for Mundra UMPP and delay in completion of Arutmin stake sale.