Care raitings has downgraded close to R32,226 crore of Tata Steel's various debt instruments by one notch, citing continuing uncertainties related to the disposal/restructuring of its stressed UK business. These instruments include long-term unsecured rupee loan, unsecured debentures, and unsecured perpetual bonds. The revised rating, however, continues to place the company in stable category. Tata Steel reported a consolidated net loss of R3,179 crore for the year ended March 2016 on the back of R1.17 lakh crore net sales. According to Bloomberg, Company's gross debt at the end of September 2016 stood at R82,778 crore. CARE revised the rating of unsecured non-convertible debentures of R7,151 crore from AA+ to AA, of long-term bank facilities of R22,800 crore from AA+ to AA, and perpetual bonds issue from AA to AA-.