01
Oct
15:36
ICRA hikes JSPL rating on strong operational performance
Credit rating agency ICRA has revised its long-term banking facilities outlook for Jindal Steel and Power (JSPL) from A stable to A+ positive, on the back of strong operational performance. It has also upgraded the steel company’s short-term banking facilities from ICRA A1 to ICRA A+ positive, Kallanish notes.
The rating upgrade factors in a better-than-anticipated performance in recent quarters and a significant reduction in JSPL’s debt levels, facili…
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Very good overview of the weekly steel market.
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