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Jindal Stainless (Hisar) receives ratings action from India Ratings

Capital Market 

Jindal Stainless (Hisar) announced that for the first time, the company's long term credit facilities have been assigned IND A/RWE rating by India Ratings and Research (Ind-Ra).

Additionally, JSHL's short-term credit facilities were assigned IND A/RWE/INDA1 by the agency.

This rating factors in a string of positive developments at JSHL in the last few months, despite pandemic-induced disruptions.

Ind-Ra has placed the Company's long-term rating on RWE (Rating Watch Evolving), owing to the proposed merger between JSHL and Jindal Stainless (JSL) that is being monitored by the agency.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, February 18 2021. 11:31 IST