CRISIL upgrades credit rating on bank facilities of Jindal Steel & Power

The credit rating agency upgraded its rating to CRISIL A+ with a ‘Positive’ outlook on the long-term bank facilities of the company.

Sep 15, 2021 11:09 IST India Infoline News Service

CRISIL Ratings Limited has upgraded its rating from CRISIL A with a ‘stable’ outlook to CRISIL A+ with a ‘Positive’ outlook on the Long Term Bank Facilities of Jindal Steel & Power Limited.

The credit rating agency has also upgraded ratings on short-term bank facilities of the company from ‘CRISIL A2+’ to ‘CRISIL Al+’.

“The ratings are upgraded to CRISIL A+ with Positive outlook for Long Term Bank Facilities and CRISIL Al+ for Short Term Bank Facilities,” the company said in a filing on Tuesday.

At around 11.18 am, Jindal Steel & Power Ltd was trading at Rs401.50 per piece up by Rs0.45 or 0.11% from its previous closing of Rs401.05 per piece on the BSE.

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