Announced Mon, 27 Jul · 13:49 IST
ICRA upgrades Jindal Steel long-term rating to AA plus
JINDALSTEL · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1036.50
prior close
₹1062.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.1+0.0——————————
Up moveDown movePending
AI summary
ICRA upgraded Jindal Steel's long-term bank facility rating from AA to AA plus with Stable outlook. Short-term bank facilities were reaffirmed at A1 plus. Non-convertible debenture rating also upgraded from AA to AA plus. Wholly owned subsidiary Jindal Steel Odisha received similar rating upgrades on its bank facilities.
Likely market impact
Positive: Higher credit rating lowers borrowing costs and signals improving financial health to investors.