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Ind-Ra upgrades long-term issuer rating of Jindal Stainless to ‘AA-’

02 Feb 2022 Evaluate

Credit rating agency -- India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless (JSL) to ‘AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘A+/RWE’ rating to JSL’s long-term credit facilities.

The upgrade and RWE resolution factor in the improved visibility on the amalgamated business and financial profile of JSL and Jindal Stainless (Hisar) (JSHL), continued deleveraging across the group entities, improvement in terms of product mix, improved credit terms with suppliers, and healthy balance sheet liquidity.

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

Jindal Stainless Share Price

789.80 1.90 (0.24%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 211.65
JSW Steel 1274.85
SAIL 172.50
Jindal Stainless 789.80
APL Apollo Tubes 2141.55
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