12
Apr
08:55
Tata divestment benefit hinges on timeline, says Ind-Ra
Tata Steel’s cutting down of losses by divesting overseas operations, such as Tata Steel UK, would be a credit positive for the Indian steelmaker. However, the uncertain timelines associated with this goal could delay the expected recovery in its credit profile, India Ratings (Ind-Ra) says in a note sent to Kallanish.
The credit rating agency has placed Tata Steel’s Long-Term Issuer Rating of ‘IND AA’ on Rating Watch Evolving (RWE), indic…
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Anonymous
Very good overview of the weekly steel market.
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