Announced Wed, 8 Jul · 14:22 IST
JSW Steel rating upgraded to AA+ by CARE on strong deleveraging
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
₹1216.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-0.0-0.1-1.0+0.6-0.1+0.8-0.9-0.4————
Up moveDown movePending
AI summary
CARE Ratings upgraded JSW Steel's long-term rating from AA to AA+ with stable outlook across bank facilities, NCDs, and issuer rating. Short-term rating reaffirmed at A1+. Upgrade driven by around Rs 37,350 crore cash inflow from BPSL steel business slump-sale to JFE JV, used largely for deleveraging. Net debt to PBILDT improved to 2.60x in FY26 from 4.38x in FY25, overall gearing to 1.16x from 1.51x.
Likely market impact
Positive for shareholders: higher rating may lower future borrowing costs and reflects stronger balance sheet after BPSL deal.