04
Jan
11:40
SAIL has rating lowered with negative outlook
India’s major state-owned steelmaker Steel Authority of India (SAIL) has had its rating lowered by analysts Credit Analysis and Research Ltd (Care).
In a stock exchange posting monitored by Kallanish the steel producer confirms that ratings have been revised downwards for several of its bond and public deposit programmes. These include four long-term bond programmes, one proposed long-term bond programme and a proposed long-term public deposit programme.
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Anonymous
Very good overview of the weekly steel market.
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