CARE reaffirms stable outlook on Jindal Power


CARE reaffirms stable outlook on Jindal Power

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power Ltd (JSPL).

“CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh,” JSPL said in a statement Friday.

According to information on CARE Ratings website, instruments with CARE A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.

Such instruments carry low credit risk, while the modifier (-) reflects comparative standing within the category. Read More

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