JSW Steel Limited — Credit Ratings, 02-10-2025: Credit Rating- Revision

Moody's Ratings affirmed JSW Steel's Ba1 corporate family and senior unsecured debt ratings, changing the outlook to 'Positive' from 'Stable'. This reflects JSW Steel's significant capacity expansion to 35.7 mtpa and expected higher earnings, from Rs 22,300 Cr (FY25) to Rs 30,000 Cr (FY26) and Rs 35,000 Cr (FY27). Stronger credit metrics and financial discipline are anticipated.