India Ratings Upgrades JSW Cement Ltd Following Enhanced Credit Rating for Long-Term Bank Facilities
India Ratings and Research (Ind-Ra) has upgraded JSW Cement Limited regarding its long-term bank facilities, affirming the rating for its short-term bank facilities. The action reflects the company's financial standing as assessed by the rating agency.The credit ratings pertain to two key facility types: long-term bank facilities and short-term bank facilities, with the upgrade specifically impacting the long-term debt segment.
Details of the rating actions are presented below:
| Facilities/ Instrument | Amount (₹ in Crore) | Rating Type | Previous Rating | Upgraded Rating | Remarks / Rating Action |
|---|---|---|---|---|---|
| Long-term bank facilities | 3249 | Long term | IND A+ | IND AA- | Upgradation |
| Short-term bank facilities | 3249 | Short term | IND A1+ | IND A1+ | Affirmed |
The upgrading of the long-term bank facilities to IND AA- is noted by the company. The short-term bank facilities rating remains affirmed at IND A1+.
JSWCEMENT Stock Price Movement
As of 1:29 PM, shares of JSW Cement Limited are slipping by 1.04% in live trading, currently at ₹136.85. The stock traded with a volume of 1,281,892 shares, reflecting movement from its intraday high of ₹138.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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