17
Dec
06:17
Ind-Ra hikes Tata ratings on strong performance
India Ratings and Research (Ind-Ra) has upgraded Tata Steel’s long-term credit rating from ‘AA’ to ‘AA+’ and changed the outlook from positive to stable, on strong operational performance. The rating upgrade factors in a significant reduction in debt, robust demand outlook and strong operational cash flow, Kallanish notes.
Increased coking coal prices could however adversely impact spreads in the second half of the fiscal year ending …
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Anonymous
Very good overview of the weekly steel market.
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