Credit rating agency CARE has assigned credit rating to Steel Authority of India’s (SAIL) long term bank facilities (Term Loans) worth Rs 30,000 crore at ‘AA-’. The outlook on the long-term bank facilities (Term Loans) is stable.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.