Credit rating upgraded to AA+ by CARE Ratings

Rating UpgradedCredit & Debt View source PDF Explain this filing

JINDALSTEL · 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

-3.2%Reaction day

₹1062.00

prior close

₹1031.10

announcement price

In-mkt

timing

Nifty 100market+0.6%-3.8% vs market

Iron & Steel peers, median of 10sector-0.9%-2.3% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty 100 and 2.3 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

-0.1

10m

+0.2

15m

-0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.2+0.6-3.8-0.9-2.3

Next day

-1.8+1.3-3.0+0.6-2.4

-0.7+1.6-2.3+0.6-1.3

-0.3+2.2-2.5+1.3-1.6

-2.3+2.0-4.3+0.3-2.6

-3.6-0.1-3.4-0.5-3.0

-0.9+1.4-2.3+0.9-1.9

15d

-1.3+0.6-2.0-1.5+0.2

+4.1+3.9+0.2+2.8+1.3

+8.1+1.0+7.1+3.1+5.0

+3.6-5.6+9.2-2.4+6.0

UpDownMarket · Nifty 100Sector · 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 Steel's long-term bank facilities rating from CARE AA to CARE AA+ with stable outlook. Short-term bank facilities rating reaffirmed at CARE A1+. The proposed Non-Convertible Debenture issue rating also upgraded from AA to AA+. Subsidiary Jindal Steel Odisha's long-term bank facilities rating similarly upgraded from AA to AA+, with short-term reaffirmed at A1+.

Likely market impact

Positive: signals stronger financial health, likely lower borrowing costs and improved investor confidence.