Business Standard

Tata Steel gets downgrade in LT Foreign Currency Issuer Default Rating

Image

Capital Market

From Fitch

Tata Steel announced that the sharp fall in international steel prices and the challenging conditions facing the global steel industry triggered a review of Tata Steel's credit rating by Fitch. The Long-Term Foreign Currency Issuer Default Rating (IDR) has been downgraded by 1 notch.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 02 2016 | 10:45 AM IST

Explore News