Jindal Steel has informed that CARE Ratings has upgraded the credit rating assigned to the Company’s Long-Term Bank Facilities from ‘CARE AA; Stable’ to ‘CARE AA+; Stable’, while reaffirming the rating of ‘CARE A1+’ assigned to the Company’s Short Term Bank Facilities. Further, CARE Ratings has also upgraded the credit rating assigned to the Company’s proposed Non-Convertible Debenture issue from ‘CARE AA; Stable’ to ‘CARE AA+; Stable’. CARE Ratings, has also upgraded the credit rating assigned to the Long Term Bank Facilities of Jindal Steel Odisha (JSO), a wholly owned subsidiary of the Company, from ‘CARE AA; Stable’ to ‘CARE AA+; Stable’, while reaffirming the rating of ‘CARE A1+’ assigned to JSO Short Term Bank Facilities.
The above information is a part of company’s filings submitted to BSE.
