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Singapore : Standard & Poor’s Ratings Services said today that it had affirmed its ‘BBB-‘ long-term corporate credit rating on Steel Authority of India Ltd. (SAIL). The outlook is negative. “We affirmed the ratings on SAIL because we expect the company’s financial strength to improve to levels commensurate with the ... Read More »

Singapore: Standard & Poor’s Ratings Services said today that Pakistan’s parliamentary election results set the stage for longer-term stability of our ‘B-‘ sovereign credit rating on the country. Partial results from the elections held May 11 indicate a strong lead for the Pakistan Muslim League-Nawaz party (PML-N). The elections were ... Read More »