Steel Authority of India gets revision in credit ratings

From India Ratings & Research

Steel Authority of India announced that India Ratings & Research has reviewed the ratings of the Company as under -

Bonds - IND AA-/ Negative (Downgraded)
Commercial Paper - IND A1+ (Affirmed)
Public Deposits - IND tAA/ Negative (Affirmed)
Bank Loan - IND AA-/ Negative (Downgraded)
Non Fund Based Limits - IND AA-/ Negative (Downgraded)
Non Fund Based Working Capital Limits - IND A1+ (Affirmed)
Fund Based Working Capital Based Limits - IND AA-/Negative/ IND A1+ (Downgraded)

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