Fitch downgrades Tata Steel group, puts it on rating watch

[ahlam1399]

Mumbai, Apr 1 () Even as two of its rivals reacted positively to Tata Steel's plans to sell British operations, Fitch Ratings today downgraded the company and long-term foreign currency issuer default rating to 'BB' from 'BB+/stable' and placed it on rating watch evolving.


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