The credit rating agency, ICRA Limited, has upgraded ratings of Jindal Steel and Power Limited from ICRA BBB + with a Stable outlook to ICRA A with a Stable outlook on the long-term bank facilities and from ICRA A2 to ICRA A1 for short-term facilities of
Jindal Steel & Power Limited.
“The ratings are upgraded to ICRA A with Stable outlook for long term facilities and ICRA A1 for short term facilities,” company said in a regulatory filing on Thursday.
Jindal Steel & Power Ltd stock trade on Thursday ended at Rs414.25 up by Rs4.75 or 1.16% from its previous closing of Rs409.50 on the BSE.