Lalit Shastri When Prime Minister Narendra Modi, who has tirelessly kept crisscrossing the globe to project India as an ideal investment destination, should become a catalyst for change and an example for the high-flyers who keep cribbing about jet lag, we have a scenario where dozens of top slots in State owned enterprises or the Public
Tag: Steel Authority of India Limited
Newsroom24x7 Staff Singapore: Fitch Ratings has downgraded Steel Authority of India Limited’s (SAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BBB-‘. The Outlook is Negative. The downgrade follows the deterioration in SAIL’s financial profile after a prolonged weakening in international steel prices. SAIL’s debt-funded capex programme has magnified the impact of weak prices.