Jindal Saw has received revision in credit ratings from CARE as under:
Long term bank facilities - CARE AA; Negative (reaffirmed; outlook revised from Stable)
Short term bank facilities - CARE A1+ (reaffirmed)
Non convertible debentures III - CARE AA; Negative (reaffirmed; outlook revised from Stable)
Non convertible debentures proposed - CARE AA; Negative (reaffirmed; outlook revised from Stable)
Commecial paper - CARE A1+ (reaffirmed)
Issuer rating - CARE AA(Is); Negative (reaffirmed; outlook revised from Stable)
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