Hot Pursuit
JSW Cement Ltd. announced credit rating actions from India Ratings and Research, CARE Ratings, and CRISIL, alongside information regarding Regulation 30 of SEBI Regulations, 2015, though specific details for some ratings were not provided. India Ratings and Research assigned an IND AA-/Stable rating to proposed non-convertible debentures of an unspecified amount and reaffirmed existing bank loan facilities of an unspecified amount with IND AA-/Stable/IND A1+; they also reaffirmed bank loan facilities of Rs 500 crore with a CARE AAA rating and a stable outlook, and upgraded debentures of Rs 200 crore to BBB+. Additionally, India Ratings assigned an initial rating of AA- to a bank loan of Rs 500 crore, while CRISIL assigned a AAA/Stable rating to a commercial paper program of Rs 200 crore, and noted instruments under other FSR regulators with cautions regarding liquidity and price risk.