November 22, 2008

Fitch assigns \'AAA (ind)\' rating for TATA Steel long term debt

Fitch Ratings has assigned a national rating of 'AAA (ind)' to TATA Steel Limited's long term debt totaling INR 58.5 billion. At the same time Fitch has affirmed TATA Steel's national issuer rating at 'AAA (ind)', its INR 20 billion non convertible debenture program and its INR 9.75 billion short term debt rating at 'F1+(ind)'. The outlook is stable.