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12 Apr
16:34

Crisil reaffirms JSL ratings on strong operational position

Crisil Ratings has reaffirmed an AA- rating for the long-term bank facilities and debt programme of Jindal Stainless (JSL) and upgraded the outlook to positive from stable. Meanwhile, the rating on the short-term bank facilities has been reaffirmed at A1+, Kallanish notes. The rating agency reaffirmed the ratings of JSL on the back of the latter’s improved business risk profile, an expected uptick in scale and forward integration with capacity expansion and …
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