Credit rating upgraded by Care Ratings for long term borrowings

Rating UpgradedCredit & Debt View source PDF Explain this filing

JSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹703.00

prior close

₹705.70

announcement price

After-mkt

timing

Nifty Midcap 150market+0.0%+1.4% vs market

Iron & Steel peers, median of 10sector+1.8%-0.4% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 0.4 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.8

15m

-0.9

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.0+1.4+1.8-0.4

Next day

+0.1-0.1+0.2+1.1-1.0

+0.3-0.1+0.4+1.0-0.7

-0.4+0.0-0.5-0.6+0.1

+4.5-1.2+5.6-1.1+5.6

+4.7-1.8+6.4-1.5+6.2

+5.2-1.5+6.7+0.7+4.5

15d

+2.9-4.1+7.0-3.4+6.4

+6.1-6.2+12.3-1.5+7.6

-2.0-11.5+9.6-9.6+7.6

—————

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Care Ratings upgraded Jindal Stainless Limited's long term borrowings and non convertible debentures rating from CARE AA Stable to CARE AA+ Stable. Short term borrowings rating was reaffirmed at CARE A1+. The upgrade reflects improved creditworthiness.

Likely market impact

Positive for shareholders, signals stronger financial profile and lower borrowing costs ahead.