Confirming the ratings, Fitch said he expected that the benefits of JSW infra, measured by total debt/EBITDA, will be 3.5x in the medium term, with a medium-term significant capex plan, in the middle period, with a mixture of its third-party cargo.
Jasvil’s strong financial profile is created by solid property quality, elastic volume and flexibility in phasing its 300 billion capex program to maintain economic strength. “We expect Jessille will continue to showcase financial discipline in managing leverage while providing Jesvil investment, acquisition and shareholder compensation,” said the rating agency.
JSW Infrastructure recently won the rating of ‘BBB’ with a steady view of S&P Global Ratings.
Moody ratings also confirmed the senior secure bond rating on the company’s corporate family rating (CFR) and ‘BA 1’, while upgrading the company’s strategic direction and increasing confidence in operational elasticity, from steady to positive.
Living events
JSW Infrastructure said in a statement that these upgrades in global rating agencies showcase the company’s wise financial management, sustainable growth and commitment to its important role in the port and logistics sector of India.
“Investing grade ratings from Fitch and S&P, with upgrades to our point of view of our point of view, are strong beliefs of JSW infrastructure, strategic attention and long -term vision. It gives us the power to effectively maintain our ambitious development activities with confidence. “JSW Infrastructure Director and Chief Financial Officer Lalit Singhvi said.
The latest rating in global agencies puts JSW infrastructure in the Elite League of 55 Indian Corporates with investment-grade ratings, including Adani ports, Reliance Industries, Tata Steel, ICICI Bank, HDFC Bank, NTPC, India.
Notably, this list has very few names in the ports and logistics sectors; Adani ports were the only as long as JSW Infra was emerging as the second largest private port operator in India to achieve this global investment-grade goals.
Shares of JSW Infrastructure closed down 2.21% on BSE today at 296.60.
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