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Entity-Specific Rating Rationales

15 Dec 2025

NMDC Steel Limited: Rating withdrawn

NMDC Steel Limited: Rating withdrawn

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03 Jun 2025

NMDC Steel Limited: Continues on rating watch with developing implications

NMDC Steel Limited: Continues on rating watch with developing implications

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05 Jun 2024

NMDC Steel Limited: Rating downgraded; continues on rating watch with developing implications

NMDC Steel Limited: Rating downgraded; continues on rating watch with developing implications

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05 Feb 2024

NMDC Steel Limited: Rating downgraded; continues on Rating Watch with Developing Implications

NMDC Steel Limited: Rating downgraded; continues on Rating Watch with Developing Implications

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Entity-Specific Credit Perspective Reports

01 Jul 2025

NMDC Steel Limited

NMDC Steel Limited (Non-SF)

23 Feb 2024

NMDC Steel Limited

NMDC Steel Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debenture (NCD) Programme -- -- Withdrawn --
Proposed Non-Convertible Debentures -- -- Withdrawn --

Our Analysts

Analyst 1

Soaham Gundawar

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girishkumar Kashiram Kadam
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