JSW Steel Achieves Global Investment Grade with Moody's Baa3 Rating
JSW Steel has achieved global investment grade status with Moody's Ratings assigning it a Baa3 long-term issuer rating and a stable outlook. Moody's also upgraded JSW Steel's senior unsecured ratings to Baa3. This upgrade is attributed to sustained improvement in credit profile, cost-competitive operations, material debt reduction (from ₹76,563 crore to ₹46,157 crore between March 2025 and June 2026), and expansion in operating scale. The agency expects future projects to drive earnings and support credit metrics. This rating follows upgrades from Fitch, CARE Ratings, and ICRA, reinforcing JSW Steel's financial discipline and deleveraging efforts. The company aims to leverage this rating for more competitive access to international capital markets.
Key Highlights
- JSW Steel secures Baa3 global investment grade rating from Moody's.
- Moody's cites sustained credit profile improvement and debt reduction.
- Net debt reduced by over ₹30,000 crore in 15 months.
- Net Debt/EBITDA improved significantly to 1.46x by June 2026.
- Rating enhances access to international capital markets on competitive terms.
Price Impact
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