JSW Steel Ltd.

Fitch Ratings has downgraded JSW Steel’s Long Term Issuer Default Rating (IDR), senior unsecured rating and rating on the outstanding USD 500 million senior unsecured notes of the Company due 2019 by one notch from ‘BB+’ to ‘BB’.

JSW Steel is engaged in manufacturing flat steel products, upstream products. It offers mild steel hot rolled coils, plates and sheets, tolerances and downstream products include hot rolled plates, cold rolled close annealed and galvanized sheets and coils.