JSW Steel Limited — Credit Ratings, 27-07-2026: Credit Rating

Moody's Ratings upgraded JSW Steel's Issuer Rating and Senior Unsecured ratings to Baa3 (Investment Grade) from Ba1, with a Stable outlook. This reflects JSW's improved credit profile, strong position as India's largest steel producer, and significant debt reduction, partly from the INR37,350 Cr BPSL stake sale. Debt/EBITDA is projected to improve to 2.0x-2.5x, aligning with investment-grade metrics.