14
Mar
12:45
Jindal Steel hits out at debt claims
Jindal Steel & Power (JSPL) has hit out at reports it is unable to service its debt.
Press reports last week suggested a number of JSPL’s lenders were mulling recalling loans of up to $550 million due to JSPL’s failure to comply with loan terms. Moreover, analytics firm Crisil downgraded JSPL’s bank facilities and bank programmes to D/D from BB+/A4+ owing to delays in payment of interest on its term loans due to weakened liquidity.
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Anonymous
Very good overview of the weekly steel market.
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