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Usha Martin informs about press release

27 Dec 2016 Evaluate

Usha Martin has informed that with reference to the earlier communication dated December 21, 2016 with regard to the reasons for downgrade of the Company’s Long-term Issuer Rating from existing ‘BBB’ to ‘BBB-’ the press release made by India Ratings & Research (the rating agency) is enclosed.

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

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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