India, July 1 -- Jindal Steel Limited

New Delhi [India], July 1: Jindal Steel Limited today announced that CARE Ratings Limited has upgraded the Company's long-term credit rating to CARE AA+ Stable from CARE AA; Stable, reaffirming the Company's strong financial profile, prudent capital management and sustained business performance.

The rating agency has also reaffirmed the Company's CARE A1+ rating for its short-term bank facilities.

In addition, CARE Ratings has upgraded the rating assigned to Jindal Steel's proposed Non-Convertible Debenture (NCD) issue from CARE AA; Stable to CARE AA+; Stable.

Further strengthening the Group's credit profile, CARE Ratings has upgraded the long-term bank facilities rating of Jindal Steel Odisha Lim...