Announced Fri, 19 Jun · 12:29 IST
CARE assigns AA Stable rating to JSW Jaigarh Port, facilities enhanced
JSWINFRA · price
▲ 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
+0.0%1-day move
₹308.45
prior close
₹309.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.5-0.6-0.6+0.0+2.3+9.7+7.1+3.8+7.1+13.9+13.3——
Up moveDown movePending
AI summary
CARE Ratings assigned JSW Infrastructure's wholly owned subsidiary JSW Jaigarh Port a new CARE AA Stable rating on Rs 600 crore long term bank facilities, enhanced from Rs 105 crore. Existing AA Stable and A1+ ratings on Rs 145 crore of long term and short term facilities were reaffirmed. The large jump in sanctioned limits reflects strong lender confidence in the port business.
Likely market impact
Positive. High investment grade AA rating and almost six fold rise in long term credit limit signal strong bank confidence in the port subsidiary.