India, July 6 -- Fitch Ratings has upgraded JSW Steel's Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB', reflecting an improvement in the company's credit profile. The agency also upgraded the rating on the company's outstanding bonds to 'BB+'.
JSW Steel, one of India's leading steel producers, has a domestic installed steelmaking capacity of 36.4 million tonnes per annum. The ratings upgrade underscores the company's strengthened financial position and creditworthiness.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....