Announced Wed, 8 Jul · 14:18 IST
CARE upgrades JSW Steel long-term rating to AA plus Stable
JSWSTEEL · 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
-1.0%1-day move
₹1238.00
prior close
₹1218.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.2-0.3-0.3-1.0+0.6-0.1+0.8-0.9-0.4————
Up moveDown movePending
AI summary
CARE Ratings upgraded JSW Steel long-term rating from AA Stable to AA plus Stable across bank facilities, non-convertible debentures and issuer rating. Short-term rating A1+ was re-affirmed. The upgrade follows the about 37,350 crore rupees cash inflow from the slump-sale transfer of Bhushan Power and Steel steel business into a 50:50 JV with JFE Steel, used largely for deleveraging. Gearing improved to 1.16x, net debt to PBILDT to 2.60x in FY26 from 4.38x in FY25.
Likely market impact
Positive for shareholders; signals stronger credit profile, lower borrowing cost potential and supports ongoing 1.26 lakh crore capex plans.