JSW Steel Gets Moody's Baa3 Global Investment Grade Rating

Rating UpgradedCredit & Debt View source PDF Explain this filing

JSWSTEEL · 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

+0.8%Reaction day

₹1270.00

prior close

₹1278.90

announcement price

After-mkt

timing

Nifty 100market+1.5%-0.8% vs market

Iron & Steel peers, median of 10sector+0.1%+0.7% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty 100 and 0.7 pts more than its Iron & Steel 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

+0.4

10m

+0.4

15m

+0.3

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+1.5-0.8+0.1+0.7

Next day

+2.4+0.9+1.4+0.9+1.5

+4.7+1.0+3.7+2.0+2.7

+3.0+1.1+1.9+1.4+1.6

+2.2+0.9+1.3+0.2+2.0

+2.5+0.9+1.6+1.1+1.4

-0.1+0.5-0.6-2.0+1.9

15d

+4.5-0.5+4.9-2.2+6.7

+2.2-1.9+4.1-1.5+3.7

-2.7-7.2+4.5-5.0+2.3

—————

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

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

AI summary

Moody's assigned JSW Steel a Baa3 long-term issuer rating with stable outlook, moving it to global investment grade from Ba1. Senior unsecured ratings also upgraded to Baa3. Net debt fell from Rs 76,563 crore (March 2025) to Rs 46,157 crore (June 2026), a cut of over Rs 30,000 crore in 15 months. Net debt to EBITDA improved from 3.34x to 1.46x. Fitch, CARE and ICRA also upgraded the company in the past month. This should lower borrowing costs and open global capital markets.

Likely market impact

Positive. Lower borrowing costs and improved access to global capital markets support growth and shareholder value.