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Jindal Stainless receives ratings upgrade from CARE and India Ratings

Capital Market 

Jindal Stainless (JSL) has been accorded rating upgrades to 'IND BBB+' by India Ratings and Research, and 'CARE BBB+' with a stable outlook by CARE Ratings, for its credit facilities.

Previously assigned ratings by the agencies were that of 'IND BBB' and 'CARE BBB' respectively, assigned in August, 2020. The rating upgrades come after a series of positive developments in the last few months, despite pandemic-induced disruptions

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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: Sat, January 09 2021. 12:13 IST