CARE Ratings reaffirms Steel Authority of India at CARE AA, outlook Stable

What happened

In a filing with the BSE on 7 October 2026 at 04:43 PM, Steel Authority of India (SAIL) said that CARE Ratings has reaffirmed its credit rating at CARE AA with a stable outlook.

From the filing: "Crore) Rating Rating Action , Long Term Bank Facilities 14,850.00 CARE AA;"

Company snapshot

Steel Authority of India is a mid-cap company in the Metals & Mining sector, with a market value of about ₹71,999 crore.

The stock last traded at ₹174.3, against a 52-week range of ₹124–₹209.7 (16.9% below the high).

Before this filing the shares had moved −10.2% over the month and +6.8% over three months. Average daily turnover over the last 20 sessions was about ₹277 crore.

Promoters held 65.00% at the end of Q1 FY27. Foreign institutions owned 7.09% and domestic institutions 16.86%.

What history shows

BCEIE's records show 1 previous credit rating filing from the company since May 2026.

Across 39 similar disclosures by other Metals & Mining companies, shares moved +0.5% on average the next day and +1.4% over five days; 62% of them rose the next day.

Market-wide, 1,223 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• Whether other agencies take a similar view on the company's credit.

In the news

Recent coverage elsewhere (links open the original publisher):

• SAIL Share Price Today - Steel Authority of India on NSE/BSE — scanx.trade, 3 Oct 2026
• Steel Authority Of India Ltd. (SAIL) Share Price Rise Streak: SAIL gains 2.22% — Univest, 6 Oct 2026
• Stocks Under F&O Ban: Steel Authority of India — Equitypandit, 30 Sept 2026
• Steel Authority of India and Bharat Coking Coal signs MoU — Business Standard, 26 Sept 2026
• Steel Authority of India Limited (SAIL) posted record first-half steel — Shanghai Metals Market, 5 Oct 2026

Source

• Exchange filing (PDF)