ICRA upgrades rating outlook for Jindal power from Negative to Stable

Delhi: Ratings agency ICRANSE 1.31 % has upraded the rating outlook for Jindal SteelNSE 6.26 % and Power (JSPL) subisidiary Jindal Power from ‘Negative’ to ‘Stable’ as the parent company shows signs of turnaround in the last few quarters, JSPL said in a notification to the Bombay Stock Exchange (BSE).

The ratings agency has also reaffirmed JSPL’s long term credit rating of A- and short term credit rating of A2+.

With a credit portfolio of Rs 9,888 crore, the upgrade not only.

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