Care Ratings has reaffirmed the credit ratings for Jindal Stainless Limited. The long-term borrowings and non-convertible debentures maintain a rating of CARE AA, Stable. Additionally, the short-term borrowings continue to be rated as CARE A1+. This announcement indicates a stable outlook for the company’s creditworthiness.
Credit Ratings Maintained
Jindal Stainless Limited has received confirmation that its credit ratings have been reaffirmed by Care Ratings. This reflects the agency’s assessment of the company’s ability to meet its financial obligations.
Details of Reaffirmed Ratings
The long-term borrowings and Non-Convertible Debentures of Jindal Stainless Limited have been reaffirmed with a rating of CARE AA, Stable. This rating suggests a low credit risk. The short-term borrowings have also been reaffirmed at CARE A1+, indicating a very strong capacity for timely debt repayment.
Source: BSE
