Global rating agency Fitch today assigned a highest 'AAA (ind)' to the Rs 5,840-crore long-term debt programme of Tata Steel.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The proceeds of the long-term debt is for the prepayment of some of the debts of Tata Steel UK Ltd, Fitch said in a release.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The agency has also assigned bank loan ratings of 'AAA (ind)' to Tata Steel's fund-based cash credit limit of Rs 10.6 billion and non fund-based limits of Rs 23.40 billion. </P>
</p><p class='TableClas'></p></table>


Fitch assigns highest rating to Tata Steel

More From This Section

Posco land acquisition resumes amid protests

Diageo to buy half of Mallya's South Africa beer biz

Average money spent for new players dips

'IndiGo did not comply with AAC guidelines'

Explore News