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Moody's retains JSW Steel's rating at Ba2 with negative outlook

10 Jul 2020 Evaluate

Moody's Investors Service has retained the JSW Steel's rating at Ba2 with Outlook revised to Negative. Corporate Family Rating (CFR) - Ba2; Negative (Revised from Ba2 placed under rating downgrade; Ratings under review). Senior Unsecured Debt Rating - Ba2; Negative (Revised from Ba2 placed under rating downgrade; Ratings under review).

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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