JSW Steel Ltd.

The credit rating agency, CARE has revised JSW Steel’s Long Term (Bank facilities, Non Convertible Debenture) rating to ‘AA-’ Outlook (Stable) from ‘AA’ Outlook (Negative). The rating agency has kept unchanged rating to company’s Short Term (Bank facilities, Commercial Paper) at ‘A1+’.

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.