ICRA upgrades rating on bank facilities of Jindal Steel and Power; Stock up 1%

The credit rating agency upgraded the company’s rating from ICRA A with a ‘Stable’ outlook to ICRA A+ with a ‘Positive’ outlook on the long-term bank facilities.

Sep 28, 2021 11:09 IST India Infoline News Service

ICRA Limited has upgraded its rating from ICRA A with a 'Stable' outlook to ICRA A+ with a ‘Positive’ outlook on the long-term bank facilities of Jindal Steel and Power Limited.

The credit rating agency also upgraded rating from ICRA A1 to ICRA A1+ for Short Term Bank Facilities of Jindal Steel and Power Limited.

Earlier this month, CRISIL Ratings has upgraded its long-term rating on the bank facilities of the company to 'CRISIL A+' from 'CRISIL A-', while revising its outlook on the same to 'positive' from 'stable'.

Ata round 11.16 am, Jindal Steel & Power Ltd was trading at Rs361.60 per piece up by Rs3.6 or 1.01% from its previous closing of Rs358 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)