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JV breakup with Thyssenkrupp marginally credit negative for Tata Steel: SP

JV breakup with Thyssenkrupp marginally credit negative for Tata Steel: SP The steel major#39;s Indian operation will largely be able to offset the impact of the collapse, it said. "Tata Steel Ltd and Thyssenkrupp AG#39;s decision to cease efforts on their proposed Europe joint venture is marginally credit negative for Tata Steel," SP Rating said in a bulletin in the wake of the development.

from Moneycontrol Business News
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