From India Ratings & Research
Steel Authority of India announced the revision in ratings of the Company by India Ratings & Research.Long term bond (Rs 15000 crore) - IND AA (Revised from IND AAA)
Commercial paper / short term debt programme (Rs 8000 crore) - IND A1+ (Reaffirmed)
Long term non fund based bank limits (Rs 7000 crore) - IND AA (Revised from IND AAA)
Fund based working capital limits (Rs 4500 crore) - IND AA (Revised from IND AAA)
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Non fund based working capital limits (Rs 2000 crore) - IND A1+ (Reaffirmed)
Long term bank loan (Rs 2000 crore) - IND AA (Revised from IND AAA)
Medium term debt programme - Public Deposits (Rs 1000 crore) - INDtAA (Revised from IND tAAA).
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