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CARE revises JSW Steel’s Long Term rating

19 Mar 2020 Evaluate

The credit rating agency, CARE has revised JSW Steel’s Long Term (Bank facilities, Non Convertible Debenture) rating to ‘AA-’ Outlook (Stable) from ‘AA’ Outlook (Negative). The rating agency has kept unchanged rating to company’s Short Term (Bank facilities, Commercial Paper) at ‘A1+’.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers
Company Name CMP
JSW Steel 1232.35
Tata Steel 178.00
Steel Authority 175.80
Jindal Stainless 742.00
APL Apollo Tubes 2096.95
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