Care Ratings downgrades Tata Steel credit rating by one notch
Care Ratings has downgraded rating of Tata Steel on account of the uncertainities relating to the disposal and restructuring of Tata Steel's UK business.
The ratings agency has downgraded unsecured NCD, long-term unsecured rupee loan and unsecured subordinated perpetual securities credit rating of Tata Steel by one notch. Image Source: Reuters