Credit Rating agency Fitch withdrew its ratings on Corus Group Plc on Monday post its acquisition by Tata Steel, which now becomes the holding company of the group's assets in the UK and the Netherlands.
The rating agency said it has affirmed and withdrawn long and short term Issuer Default Rating of 'BB' and 'B' and 'BB-' rating on Corus' Euro 800 million 7.5 per cent senior notes.
"Fitch will no longer