Jindal Steel & Power receives revision in credit ratings from ICRA

Jindal Steel & Power announced that ICRA has removed its Rating Watch with Negative Implications on the Bank Facilities and Non-Convertible Debentures ("NCDs") of Jindal Steel and Power ("JSPL" or " the Company") and assigned a "Stable" outlook. The ratings have been reaffirmed at [ICRA] BBB (-) with Stable outlook for long term facilities and Non-Convertible Debentures and [ICRA] A3 for short term facilities.

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