04
Aug
08:25
Tata Steel ratings hike on firm steel prices
Standard and Poor’s (S&P) has upgraded Tata Steel and its subsidiary ABJA Investment Company’s long-term issuer rating from BB- to BB. Continued strength in steel prices has accelerated the company's ratings, says S&P.
S&P observes that management's commitment to deleveraging, supported by above-average strength in steel prices has helped Tata Steel to accelerate debt reduction as well.
“In the base case scenario, Tata Steel&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous