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Moody's assigns JSW Steel Ba1 corporate family rating

11 Dec 2023 Evaluate

Credit rating agency -- Moody's has affirmed Ba1 corporate family rating (CFR) on JSW Steel (JSW). JSW's Ba1 CFR reflects the company's large scale and strong market position in India, its competitive conversion costs, resulting from efficient operations and use of the latest furnace technology. Besides, the rating also reflects JSW Steel's continuous efforts in improving its backward integration into key raw materials and good product and end-market diversification, with an increasing focus on value-added products and retail sales. 

It has also affirmed the Ba1 ratings on JSW's senior unsecured notes, Periama Holdings LLC's guaranteed backed senior unsecured notes, and the $40 million guaranteed senior unsecured revenue bonds issued by Jefferson County Port Authority, and maintained the stable outlook on JSW and Periama Holdings. At the same time, Moody's has assigned Ba1 rating to the proposed $145 million bonds to be issued by Jefferson County Port Authority. The proceeds from the bond issuance will be loaned to JSW Steel USA Ohio, Inc.

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.

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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