HomeNewsBusinessFitch Ratings revises outlook on Tata Steel to negative amid uncertainty surrounding UK biz
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Fitch Ratings revises outlook on Tata Steel to negative amid uncertainty surrounding UK biz

"Fitch Ratings has revised the Outlook on India-based Tata Steel Limited's (TSL) Issuer Default Rating (IDR) to Negative, from Stable, and affirmed the IDR at 'BBB-'.

PTI
July 12, 2024 / 19:22 IST
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"We have also affirmed the rating on the USD 1 billion notes due July 2024 issued by TSL's subsidiary ABJA Investment Co. Pte. Ltd. and guaranteed by TSL, at 'BBB-'," the statement said, adding that the negative outlook reflects uncertainty surrounding turnaround of the UK operations.
"We have also affirmed the rating on the USD 1 billion notes due July 2024 issued by TSL's subsidiary ABJA Investment Co. Pte. Ltd. and guaranteed by TSL, at 'BBB-'," the statement said, adding that the negative outlook reflects uncertainty surrounding turnaround of the UK operations.
PTI
first published: Jul 12, 2024 07:22 pm

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