SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Fitch downgrades Tata Steel, Corus outlook to negative

12 Nov 2008 Evaluate

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 UK) could potentially impact Corus’ standalone profitability. While Tata Steel’s Indian operations would continue to generate strong cash flows, credit metrics for Corus could potentially deteriorate, leading to a breach of the consolidated net financial leverage trigger of 3.5x, resulting in a negative rating action.While the capex plans of $10.95 bn for the next three years are higher than earlier estimates, Fitch also notes that greenfield projects in India continue to remain exposed to regulatory risks leading to uncertainty on timing and are somewhat discretionary in nature.

crackcrack

Tata Steel Share Price

206.60 1.35 (0.66%)
10-Apr-2026 16:59 View Price Chart
Peers
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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×