MSP Steel & Power Ltd. Receives Upgraded Credit Ratings from CareEdge Ratings
MSP Steel & Power Ltd. announced it has received upgraded credit ratings from CareEdge Ratings on March 19, 2026. The ratings reflect the company's improved financial strength, consistent operational performance, and positive outlook for future growth.CareEdge Ratings upgraded the company’s Long Term Bank Facilities rating to CARE BBB+; Stable from CARE BBB; Stable, and the Short Term Bank Facilities rating to CARE A2 from CARE A3+.
The details of the revised ratings are as follows:
| Name of the Rating Agency | Type of Instrument | Amount (Rs. crores) | Rating Assigned* | Rating Action |
|---|---|---|---|---|
| Care Edge Ratings | Long Term Bank Facilities | 246.87 (Reduced from 254.59) | CARE BBB+; Stable | Upgraded from CARE BBB; Stable |
| Care Edge Ratings | Short Term Bank Facilities | 117.00 | CARE A2 | Upgraded from CARE A3+ |
| Care Edge Ratings | Total Facilities | 363.87 |
Details of the rated facilities are outlined in Annexure 1, which is included with the rating report from CareEdge Ratings.
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