Moody's gives Baa3 invest grade issuer rating, stable outlook to JSW Infra
This story was originally published at 18:05 IST on 2 July 2026
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--Moody s Ratings assigns 'Baa3' credit rating to JSW Infra; outlook stable
--Moody s ups JSW Infra's 4.95% senior secured notes to 'Baa3' from 'Ba1'
NEW DELHI – JSW Infrastructure Ltd. has received an investment-grade issuer rating of Baa3 with a 'stable' outlook from Moody's Ratings, while the global rating agency upgraded the company's $400 mln 4.95% senior secured notes due 2029 to Baa3 from Ba1, the company said in the exchange filing Thursday.
"The rating follows the successful completion of the Company's recent Qualified Institutional Placement (QIP), which has significantly strengthened its financial flexibility through enhanced liquidity, support for ongoing growth investments, and reduced reliance on incremental borrowings," the company said in the exchange filing.
On Wednesday, JSW Infrastructure raised INR 75.03 billion through a qualified institutional placement to support its multi-year capital expenditure plan totalling INR 390 billion. The QIP comprised a primary issue worth INR 65.55 billion and the remaining capital was raised through a promoter's offer for sale.
For the March quarter, JSW Infrastructure had posted consolidated net profit of INR 4.18 billion on revenue of INR 15.22 billion. Shares of the company closed 0.8% lower Thursday at INR 327.55 on the National Stock Exchange. End
Reported by Gunjan Rajput
Edited by Akul Nishant Akhoury
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