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 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- Today
13:00 13:00 12:00 Export quotas for scrap. Can't they be executed or pardoned? 11:00 They had long been warned about this toxic South Coordinations, as well as in general the stock casino market 10:00 In the analytical center at the Ministry of Energy, I really need 10:00 "There's no money, but you're holding on" 08:00 Forecast of the Institute of VEB prices for main raw materials in 2025-28 - 02 July 2025
21:00 We invite Voices to Cherepovets and Vologda to the Voices Film Festival!
Publications
02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home 30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest 29.06 Cast iron baths in the Sanok online store
