Mistry Tatas row: Brickwork Ratings downgrades Tata Steel
Citing “heightened management risk” following the ouster of Cyrus Mistry as chairman of Tata Sons, Brickwork Ratings has revised outlook of Tata Steel to negative while it revised the ratings of its NCDs worth Rs 6,500 crore.
Oct 31, 2016, 16:36 PM ISTS&P downgrades Tata Steel to 'BB-' on weak operating performance
Rating agency Standard & Poor's (S&P) Wednesday downgraded steel major Tata Steel to 'BB-', a low investment grade rating, over persistent subdued operating performance amid subdued demand and low steel prices.
Jan 13, 2016, 21:50 PM IST