Steel Authority of India receives revision in credit ratings

From CARE

Steel Authority of India has received credit ratings from CARE Ratings as under:

Long term bank facilities - CARE AA/ Stable (revised from CARE AA-; Negative)

Long term instruments - CARE AA/ Stable (revised from CARE AA-; Negative)

Fixed Deposit (Medium term instruments) - CARE AA/ Stable (revised from CARE AA-; Negative)

Commercial paper - CARE A1+ (reaffirmed)

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