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CARE upgrades Jindal Stainless’s credit facilities rating to ‘BBB’

29 Aug 2020 Evaluate

Credit rating agency -- CARE Ratings has upgraded the rating of the credit facilities of Jindal Stainless to ‘BBB’ with a stable outlook. The previously assigned rating by CARE was that of ‘BBB-’. Given JSL's strong financial and operational profile, the improved rating reflects a resilient business strategy despite interruptions caused due to pandemic over past few months.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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