Credit rating agency -- ICRA has removed its Rating Watch with Negative Implications on the Bank Facilities and Non-Convertible Debentures (NCDs) of Jindal Steel and Power (JSPL) and assigned a Stable outlook. The ratings have been reaffirmed at BBB (-) with Stable outlook for long term facilities and Non-Convertible Debentures and A3 for short term facilities.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
