Steel Authority of India Limited — Credit Ratings, 03-09-2026: Credit Rating- Revision

India Ratings has upgraded SAIL's Long-Term Issuer Rating and Public Deposits to 'IND AA+/Stable'. Bank loan facilities (₹22,000 Cr) also saw a long-term upgrade, with short-term rating affirmed 'IND A1+'. Commercial paper (₹8,000 Cr) was reaffirmed 'IND A1+'. This upgrade reflects SAIL's improved operational performance, higher sales volumes, reduced production costs, and lower net debt due to better working capital management.