Announced Fri, 19 Jun · 12:33 IST
JSW Infra subsidiary assigned CARE AA rating on 650 Cr bank facility
JSWINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹308.45
prior close
₹308.65
base price
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AI summary
JSW Infrastructure has informed exchanges that CARE Ratings assigned a long-term rating of CARE AA with Stable outlook to its subsidiary, Paradip East Quay Coal Terminal Pvt Ltd. The rating covers long-term bank facilities worth 650 crore rupees. The subsidiary plans to raise this debt to support its coal terminal operations at Paradip. This is a fresh rating assignment, not a revision.
Likely market impact
Positive signal on subsidiary credit quality. AA Stable is high investment grade, supports cost-effective borrowing for the coal terminal project.