Announced Fri, 19 Jun · 20:06 IST
JSW Energy JV Barmer Lignite Mining credit rating affirmed at AA(CE) Stable
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JSWENERGY · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹570.45
prior close
₹571.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.1-0.1-0.2-0.5+0.7+0.5+2.3+1.9-0.9-2.4-1.7——
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AI summary
India Ratings and Research (Ind-Ra) has affirmed the credit rating of IND AA(CE) with a Stable outlook for the bank loan facilities of Barmer Lignite Mining Company Limited, a joint venture of JSW Energy (Barmer) Limited, which is a wholly owned subsidiary of JSW Energy. An affirmation means the existing rating is maintained without change, reflecting steady credit quality.
Likely market impact
Stable credit profile for the JV subsidiary; no negative impact on JSW Energy. Signals lender confidence in the Barmer mining venture.