Tata Steel Update by Epic Research

Global rating agency Fitch has assigned ‘BB+’ with a stable outlook rating to $1.5 billion 5.95 per cent senior unsecured guaranteed notes due 2024 issued by Tata Steel. As part of its strategy to mop up capital internationally, Tata Steel had raised $1.5 billion in a dual tranche bond sale on July 25, making it the largest such deal by the Tata group firm.



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Posted in: Indian Market Tips