Steel Authority of India gets revision in credit ratings

From CARE Ratings

Steel Authority of India announced that CARE Ratings has reviewed the credit ratings as follows -

Long term bond programme I (Rs 1957 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Long term bond programme II (Rs 1500 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Long term bond programme III (Rs 6000 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Long term bond programme IV (Rs 2000 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Long term bond programme V (Rs 2000 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Proposed long term term public deposit programme (Rs 1000 crore) - CARE AA-; Stable (Reaffirmation in rating, outlook revised from Negative)

Short term CP/ ICD programme (Rs 8000 crore) - CARE A1+ (Reaffirmed)

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