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Tata Steel informs about credit rating

02 Apr 2016 Evaluate

Tata Steel has informed that the sharp fall in international steel prices and the challenging conditions facing the global steel industry triggered a review of Tata Steel’s credit rating by Fitch. The Long-Term Foreign Currency Issuer Default Rating (IDR) has been downgraded by 1 notch.

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

Peers
Company Name CMP
JSW Steel 1248.70
Tata Steel 183.50
Steel Authority 173.90
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