Date:30/09/2004 URL: http://www.thehindubusinessline.com/2004/09/30/stories/2004093001390200.htm

Back SAIL's bonds upgraded

Our Bureau

MUMBAI: Crisil has upgraded SAIL's non-convertible bonds and fixed deposit programmes to A and FA+ from BBB and FA respectively.

It also reaffirmed ratings on Tata Steel's non-convertible debentures, fixed deposits and commercial paper programmes. Crisil believes the current steel prices will sustain over the short to medium term.