Jindal Saw’s ₹500 crore NCD issue reaffirmed at BWR AA (Stable) by Brickwork
- Credit rating
- Steel And Steel Products
Jindal Saw Limited has told the exchanges on 8 Oct 2026 that Brickwork Ratings, by a letter dated 7 Oct 2026, reaffirmed its BWR AA/Stable rating on a non-convertible debenture issue of ₹500 crore with a tenor up to 31 Mar 2031. The rating was first assigned on 9 Oct 2025.
Brickwork says the rating indicates a high degree of safety on timely servicing of obligations and very low credit risk, and that it is valid until 7 Oct 2027, subject to its terms.
Inference
This is an annual review in which the rating has been kept at the same level. The letter reviewed here gives no detail on the company’s finances.
Reference: Original filing (PDF)
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