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Fitch Ratings has upgraded its ratings on JSW Steel’s Long-Term Issuer Default Rating.
The agency said it has “upgraded India-based JSW Steel’s (JSWS) Long-Term Issuer Default Rating (IDR) and the rating on JSWS’s outstanding bonds to ‘BB+’ from ‘BB’.” JSW Steel is among India’s leading steel making companies with a domestic installed capacity of 36.4 million tonne per annum.
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