Credit rating upgraded for JSW Energy Utkal subsidiary

Rating UpgradedCredit & Debt View source PDF

JSWENERGY · price

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

Price reaction · full curve 14 horizons · vs prior close

-1.1%1-day move

₹555.70

prior close

₹552.10

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.1-0.5-0.6-0.9-1.1—————————

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AI summary

India Ratings affirmed the IND AA(CE)/Stable/IND A1+ rating on bank loan facilities of subsidiary JSW Energy (Utkal) Limited and upgraded the unsupported rating to IND AA-/Stable/IND A1+. The upgrade points to a stronger standalone credit profile of the subsidiary.

Likely market impact

Positive signal on subsidiary's creditworthiness; may help lower borrowing costs.