Steel Authority of India gets revision in credit ratings

From CARE

Steel Authority of India has received revision in credit ratings from CARE as follows -

Long term bond programme-I (Rs 4323 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-II (Rs 3000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-III (Rs 6000 crore) - CARE AA; Negative (Revised from CARE AA+)

Long term bond programme-IV (Rs 2000 crore) - CARE AA; Negative (Revised from CARE AA+)

Proposed long term bond programme-V (Rs 2000 crore) - CARE AA; Negative (Assigned)

Proposed long term Public Deposit programme (Rs 1000 crore) - CARE AA'; Negative (Revised from CARE AA+)

 

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

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