Fitch Ratings has affirmed Tata Steel's Long-term Issuer Default Rating (IDR) at 'BB', keeping the outlook stable. Tata Steel UK Holdings' Long-term IDR is also affirmed at 'B' with a stable outlook.
The agency said that all ratings have been removed from the rating observations in which they were posted on April 1, 2016. The affirmation of TSL's ratings follows confirmation by the European Commission that it has rejected the proposed joint venture with Thyssenkrupp (BB + /Rating Watch). Negative) for antitrust reasons.
Fitch previously announced that an upgrade would be likely if TSL successfully establishes a JV, reducing its exposure to structural weaknesses in Europe and improving its business profile, while total adjusted leverage to EBITDAR is projected to remain below 4x. On the other hand, Fitch could have downgraded if the JV was unsuccessful.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- Today
00:00 US Commerce Department SIMA data shows steel import permits rose 5.2 percent in February. - 13 March 2026
23:00 Grupo SIMEC reports net profit fell 85 percent from 2024 to 2025 20:00 Exports of wire rod from Brazil fell sharply in February despite rising imports, SECEX reports 18:00 Economists oppose €2 billion Dutch government bailout for Tata Steel Nederland 18:00 YUNESID: Steel production in Spain decreased by 24 percent in January 2026 17:00 Shipments of CR steel strips in Japan rose 7.2 percent in January 2026 compared to December 17:00 Ioannis Manessis becomes Chairman of IREPAS News 16:00 SOGAD: Turkey's orders for CR-steel and coated steel from South Korea and China are an important but insufficient step
Publications
13.03 What is CODESYS and how is it used in industrial automation 13.03 Color laser MFPs for the office: modern printing solutions 12.03 Wheeled excavators Hit Machinery 11.03 How to throw the perfect party at home 11.03 AllwinUA - an innovative space for online promotions
