Mumbai: India’s second largest private port operator JSW infrastructure Ltd (JSWIL) entered the investment class category after Fitch Ratings raised his credit rating as ‘BBB-‘ with a stable view of BB+.
This comes after the S&P Global Ratings giving a ‘BBB-‘ degree similar to a stable appearance. Separately, Moody confirmed Jswil’s BA1, but it made it steadily positive by showing a stronger operational flexibility.
In the August 25 report, Fitch said that the company expects the company to maintain financial discipline in managing the debt while undertaking investment, purchasing and shareholder returns.
In a statement, Lalit Singhvi, the finance chairman of the JSW infrastructure, said that recognition strengthens investor confidence and supports long -term expansion plans.
This is a part of the investment class category, as well as companies such as the Ports of Adani, Reliance Industries, Tata Steel, ICICI BANK, HDFC Bank, NTPC, Ongc and Indian State Bank.
