JSW Infrastructure upgraded to Investment Grade by Fitch, Moody's Revises Outlook to Positive

JSW Infrastructure Limited (the "Company", "JSWIL"), a part of the JSW Group and India's second-largest private commercial port operator, is proud to announce that Fitch Ratings has upgraded its credit rating to 'BBB-' from 'BB+', marking a significant milestone as JSWIL enters the investment grade category. The outlook assigned by Fitch is Stable.

This follows the recent announcement by S&P Global Ratings, which also assigned JSW Infrastructure an investment grade rating of 'BBB-' with a Stable Outlook, further affirming the company's solid financial standing and resilient business fundamentals.

Separately, Moody's Ratings has affirmed JSW Infrastructure's Corporate Family Rating (CFR) and Senior Secured Bond Rating at 'Ba1', while upgrading the outlook to Positive from Stable, reflecting growing confidence in the company's strategic direction and operational resilience.

These upgrades across global rating agencies underscore JSW Infrastructure's commitment to prudent financial management, sustainable growth, and its pivotal role in India's port and logistics sector. Importantly, JSW Infrastructure joins an exclusive set of companies in India's infrastructure space, particularly within the capital-intensive port and logistics sector, in achieving an investment-grade rating-reinforcing its market leadership and strong financial foundation.

Mr. Lalit Singhvi, Whole-time Director and Chief Financial Officer of JSW Infrastructure, added: "The investment grade ratings from Fitch and S&P, along with Moody's upgrade of our outlook to Positive, are strong validations of JSW Infrastructure's financial strength, strategic focus, and long-term vision. It empowers us to pursue our ambitious growth agenda with confidence, leveraging global capital efficiently while maintaining a strong balance sheet. It also reinforces investor confidence in JSW Infrastructure's resilience and long-term vision, enabling us to deliver sustainable value to all stakeholders."

Shares of JSW Infrastructure Limited was last trading in BSE at Rs. 303.30 as compared to the previous close of Rs. 305.25. The total number of shares traded during the day was 73853 in over 2214 trades.

The stock hit an intraday high of Rs. 308.40 and intraday low of 302.50. The net turnover during the day was Rs. 22459122.00.

Source : Equity Bulls

Keywords

JSWInfrastructure INE880J01026 PortServices RatingUpgrade Fitch InvestmentGrade Moodys OutlookRevision