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23 Jun
12:37

Fitch affirms Tata Steel ratings with outlook stable

Credit analyst Fitch Ratings has reissued ratings for India’s Tata Steel Limited (TSL) and its UK subsidiary Tata Steel UK Holdings Limited (TSUKH). This has been done following the failed merger attempt of Tata Steel Europe with thyssenkrupp Steel. The analyst has affirmed Tata Steel Limited’s Long-Term Issuer Default Rating (IDR) at 'BB'. It also confirms the steelmaker’s outlook as ‘Stable’. Tata Steel UK Holdin…
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