CARE Ratings and ICRA Limited have reaffirmed the credit ratings for Jindal Steel’s bank facilities and debt instruments. The ratings reflect the company’s financial stability and creditworthiness. CARE Ratings reaffirmed CARE AA; Stable for long-term bank facilities and non-convertible debentures and CARE A1+ for short-term bank facilities. ICRA reaffirmed [ICRA]AA (Stable) for long-term fund-based facilities and non-convertible debentures, and [ICRA]A1+ for short-term non-fund-based bank facilities.
Credit Ratings Reaffirmed
Jindal Steel’s credit ratings have been reaffirmed by both CARE Ratings Limited and ICRA Limited, indicating a stable outlook for the company’s financial obligations. This decision reflects the agencies’ assessment of Jindal Steel’s ability to meet its financial commitments.
CARE Ratings Details
CARE Ratings Limited has reaffirmed the following ratings:
- Long-term bank facilities: CARE AA; Stable
- Short-term bank facilities: CARE A1+
- Non-convertible debentures: CARE AA; Stable
ICRA Limited Details
ICRA Limited has reaffirmed the following ratings:
- Long-term fund-based (Cash credit): [ICRA]AA (Stable)
- Long-term fund-based (Term loans): [ICRA]AA (Stable)
- Short-term non-fund-based bank facilities: [ICRA]A1+
- Non-convertible debentures (NCDs): [ICRA]AA (Stable)
Source: BSE