Financial Daily from THE HINDU group of publications
Tuesday, Jan 29, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jan 29, 2002 |
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Money & Banking
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Corporate Bonds Tata Steel debt Our Bureau
MUMBAI: Credit Rating Information Services of India Ltd (Crisil) has assigned an `AA+' rating to the Rs 100-crore non-convertible debenture (NCD) programme of Tata Iron and Steel Company. Crisil has reaffirmed ratings of Tata Steel's other debt instruments including the Rs 965-crore non-convertible debenture programme, Rs 400-crore commercial paper programme and the fixed deposit programme. The ratings reflect Tata Steel's position in the domestic steel industry and its operating efficiency in its core steel business, Crisil said in a press release.
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