Jindal Saw receives revision in credit ratings from CARE

Jindal Saw has received revision in credit ratings from CARE as under:

Long term bank facilities - CARE AA; Negative (reaffirmed; outlook revised from Stable)

Short term bank facilities - CARE A1+ (reaffirmed)

Non convertible debentures III - CARE AA; Negative (reaffirmed; outlook revised from Stable)

Non convertible debentures proposed - CARE AA; Negative (reaffirmed; outlook revised from Stable)

Commecial paper - CARE A1+ (reaffirmed)

Issuer rating - CARE AA(Is); Negative (reaffirmed; outlook revised from Stable)

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