Credit rating upgraded for JSW Energy Utkal subsidiary

Rating UpgradedCredit & Debt View source PDF Explain this filing

JSWENERGY · 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

-1.0%Reaction day

₹555.70

prior close

₹552.10

announcement price

After-mkt

timing

Nifty Midcap 150market-0.1%-0.9% vs market

Power Generation peers, median of 28sector+0.3%-1.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Midcap 150 and 1.3 pts less than its Power Generation 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

-0.5

15m

-0.6

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-0.1-0.9+0.3-1.3

Next day

-1.1+1.0-2.1+0.4-1.5

-1.9+1.0-2.9-0.1-1.9

-1.7+1.8-3.6+0.4-2.2

-2.3+1.4-3.7-0.4-1.9

-0.3+1.9-2.2+0.1-0.4

+2.2+2.8-0.6+0.5+1.7

15d

+0.8+3.1-2.4-1.1+1.9

-2.0+3.2-5.1-2.7+0.8

-8.2-1.0-7.2-5.8-2.4

-19.5-8.3-11.2-14.1-5.4

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 28Pending

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

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.