JSW Steel Rating Outlook Upgraded to Positive by Moody's, Ba1 Rating Affirmed

Updated: October 01, 2025 23:51

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Global rating agency Moody's Investors Service on October 1, 2025, revised the credit rating outlook for JSW Steel Limited from stable to positive while affirming its Ba1 corporate family rating. This change signals Moody's confidence in the potential improvement in JSW Steel's credit profile in the near to medium term, reflecting strong operational performance and strategic growth initiatives.

Key Highlights

Moody's affirmed JSW Steel's Ba1 rating, indicating a stable capacity to meet financial obligations despite some speculative-grade risks.
The outlook change to positive suggests expected improvements in financial metrics, including operational efficiencies and profitability.
The rating affirmation covers JSW Steel's senior unsecured notes and associated guaranteed bonds, with the company maintaining a strong presence in the steel manufacturing sector with diversified products and markets.
Moody's recognition reflects JSW Steel's continued progress in backward integration for raw materials, product diversification focusing on value-added steel products, and expanding retail sales channels.
The positive outlook could enhance JSW Steel’s borrowing profile, potentially lowering borrowing costs and indicating market confidence in its growth strategy.

About JSW Steel

JSW Steel Limited is one of India's leading steel producers, with significant operations including 17 production sites across India, the U.S., and Italy. It manufactures a wide range of steel products used in automotive, construction, machinery, and infrastructure sectors. The company's strategic focus on integrated supply and product innovation contributes to its financial resilience and strong market positioning.

Moody's outlook upgrade comes amid steady demand recovery and the company’s solid execution of capex and expansion plans, positioning JSW Steel for sustained credit quality improvement in a competitive global environment.

Source: Reuters

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