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Tata Steel informs about credit rating

11 Feb 2016 Evaluate

Tata Steel has informed that the sharp fall in international steel prices due to excessive exports from China and other countries and the challenging conditions facing the global steel industry has triggered a review of Tata Steels credit rating by Moodys. The corporate family rating has been downgraded by 2 notches.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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