Jindal Saw Limited has informed the Exchange about Credit Rating
JINDALSAW · price
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Awaiting price reaction for this filing.
CARE Ratings has reviewed and reaffirmed Jindal Saw's credit ratings across all instruments following its annual review based on FY25 audited results. The Non-Convertible Debentures of ₹500 crore, Long Term Bank Facilities of ₹1,980.83 crore, Short Term Bank Facilities of ₹9,000 crore, Commercial Paper of ₹400 crore, and Issuer Rating all retained their existing ratings of CARE AA; Stable (long-term) and CARE A1+ (short-term). The long-term bank facility limit was reduced from ₹2,475.57 crore to ₹1,980.83 crore, while the NCDs of ₹500 crore are scheduled for repayment in annual installments of ₹166.70 crore starting March 2029, with full repayment by March 2031. CARE AA indicates high safety and low credit risk on long-term obligations, while A1+ indicates the strongest capacity for short-term repayment.
This is a neutral-to-positive signal for shareholders — the reaffirmation of strong investment-grade ratings suggests the company's credit profile remains stable with no deterioration in financial health. Investors can expect borrowing costs to remain favorable, though the reduction in long-term facility size is worth monitoring for context.