26
Feb
16:14
Fitch revises JSW outlook to negative on challenges
Fitch Ratings has revised its outlook on JSW Steel’s Long-Term Issuer Default Rating (IDR) to Negative from Stable. This reflects risks in JSW’s ability to deleverage and generate positive free cash flow (FCF) because of the various challenges in the Indian market.
Apart from weak industry conditions, JSW’s deleveraging and FCF improvement could be delayed by an increase in its planned capital expenditure or inability to stabilise and improve per…
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Anonymous
Very good overview of the weekly steel market.
Anonymous