24
Sep
18:19
Tata Steel seen improving Indian footprint, profitability
India Ratings and Research (Ind-Ra) has affirmed Tata Steel’s (TSL) Long-Term Issuer Rating at ‘IND AA’, while resolving the Rating Watch Evolving (RWE). The outlook is Stable. Ind-Ra had placed the ratings on RWE in 2016.
The RWE resolution follows clarity on the overall impact on TSL’s credit profile emanating from the acquisition of Bhushan Steel Limited (BSL) and carving out of its European operations, the credit rating agency says.
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Anonymous
Very good overview of the weekly steel market.
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