JSW Steel Limited — Credit Ratings, 06-07-2026: Credit Rating

Fitch Ratings has upgraded JSW Steel's Long-Term IDR and Senior Unsecured bonds to 'BB+' from 'BB', with a Positive Outlook. The upgrade reflects an improved financial structure and significant debt reduction of over 37,300 Cr from asset sales to a new joint venture, signaling enhanced financial health and lower leverage expectations.