CARE Ratings has reaffirmed the CARE A1+ rating for Jindal Saw’s commercial paper (CP) issue, aggregating to ₹400 crore. This rating applies to short-term debt instruments and reflects the company’s ability to meet its financial obligations. The reaffirmation, dated September 22, 2025, indicates a stable outlook for the near term. The CP is carved out of the sanctioned working capital limits of the company.
Commercial Paper Rating Reaffirmed
Jindal Saw has received a reaffirmation of its credit rating for its Commercial Paper (CP) issuance. CARE Ratings has reaffirmed a CARE A1+ rating to Jindal Saw’s CP aggregating ₹400 crore. This was communicated via a letter dated September 22, 2025.
Details of the CP Issue
The reaffirmed rating applies to the Commercial Paper, which is carved out of the company’s sanctioned working capital limits. The issuance limit remains at ₹400 crore. The rating is valid until the redemption of the instrument, assuming the CP is placed within two months from the date of the letter.
Source: BSE
