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Research Update: India's Tata Steel Stays On Watch Negative After Completion Of Corus Takeover Procedure Product Image

Research Update: India's Tata Steel Stays On Watch Negative After Completion Of Corus Takeover Procedure

  • Published: April 2007
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Abstract
On April 4, 2007, Standard & Poor's Ratings Services kept its 'BBB' long-term corporate rating on India-based steelmaker Tata Steel Ltd. on CreditWatch with negative implications, following the completion of the -6.2-billion takeover of U.K.-based steelmaker Corus Group PLC (Corus) (BB/Watch Dev/B) which became READ MORE >

Tata Steel Ltd.,Corus Group PLC

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