SAIL CONFIRMS CREDIT RATING REAFFIRMATION BY CAREEDGE

• CARE Edge has reaffirmed SAIL's Long Term Bank Facilities rating at CARE AA (Positive outlook, revised from Stable). • Short Term Bank Facilities rating reaffirmed at CARE A1+. • Bonds rated CARE A1+ have been withdrawn. • Rating rationale highlights sustained scale of operations and expected improvement in profitability, along with 'Maharatna' status, strong government support, and captive iron ore resources. Impact: Credit rating reaffirmed.

Steel Authority of India Ltd

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