Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Essar Steel Ltd > News item |
Fitch rates Essar Steel F1(ind)
Fitch rating said it assigned Essar Steel Ltd.'s Rs.5 billion commercial paper program a short-term rating of F1(ind).
The rating factors in the company's strong business positioning as an integrated manufacturer of flat steel product in India from iron ore beneficiation to flat products, Fitch said.
The rating further reflects company's track-record of consistent growth in the past four years with operating margins in excess of 20%, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.