Chennai, Oct. 3 -- Global credit rating agency Moody's Ratings (Moody's) has changed the outlook on JSW Steel Limited (JSW Steel) and Periama Holdings LLC 's (Periama Holdings) ratings to Positive from Stable.
Moody's have also affirmed: JSW Steel's Ba1 corporate family rating (CFR) and Ba1 senior unsecured ratings; the Ba1 rating on Periama Holdings' backed senior unsecured notes; and the Ba1 rating on the guaranteed senior unsecured revenue bonds issued by Jefferson County Port Authority.
The Ba1-rated notes at Periama Holdings and Jefferson County Port Authority are guaranteed by JSW Steel.
"The outlook change to positive reflects JSW Steel's meaningful expansion in operating scale, reinforcing its position as India's largest steel pr...