Credit rating agency, CARE has revised its long term rating for the bank facilities and non-convertible debentures of JSW Steel downward by one notch from ‘AA’ to ‘AA-‘. Further, the short term rating has been reaffirmed at ‘A1+’ which is the highest rating in the category.
JSW Steel is engaged in manufacturing flat steel products, upstream products. It offers mild steel hot rolled coils, plates and sheets, tolerances and downstream products include hot rolled plates, cold rolled close annealed and galvanized sheets and coils.
