Tata Steel Ltd.

Credit rating agency, India Ratings and Research has maintained negative outlook on Tata Steel as its profitability would remain under pressure in the near-term. The negative outlook reflects the company’s higher-than-expected net financial leverage in FY13 together with uncertainty regarding deleveraging in the near-term with slower volume growth in Europe and lower growth trajectory in the Indian markets.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.