Fitch Ratings on Tuesday said it has revised the rating outlook on Tata Steel and Corus to negative from stable, on concerns that parent company Tata Sons may not be able to support Tata Steel after a sharp drop in its investments.
While the parent company (Tata Sons)’s credit profile continues to remain strong and its willingness to provide support to Tata Steel remains unchanged due to Tata Steel’s flagship status, the ability to provide this support has weakened substantially.
Fitch also said that continued lower steel prices across Europe (including
| Company Name | CMP |
|---|---|
| Tata Steel | 206.60 |
| JSW Steel | 1215.20 |
| SAIL | 166.10 |
| Jindal Stainless | 779.95 |
| APL Apollo Tubes | 2064.15 |
| View more.. | |
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