Announced Fri, 31 Jul · 17:00 IST
JSW Steel Gets Moody's Baa3 Global Investment Grade Rating
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
+2.4%1-day move
₹1270.00
prior close
₹1278.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.4+0.3+0.0+2.4+4.7+3.0+2.2+2.5-0.1————
Up moveDown movePending
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.