NMDC Steel's Long-Term Rating Upgraded to CRISIL A / Stable by Crisil
NMDC Steel Limited's long-term credit rating has been upgraded by Crisil Ratings Limited to CRISIL A / Stable from CRISIL BBB+/ Stable. The upgrade applies to total bank loan facilities amounting to ₹4,500 crores. The rating review was communicated on 20.08.2026.
An upgrade in credit rating can lead to better borrowing terms and increased investor confidence, though the immediate impact on operations may be moderate.
The company's long-term credit rating has been upgraded, which is a positive development indicating improved financial health and reduced risk.
NMDC Steel Limited announced that Crisil Ratings Limited has reviewed and upgraded its credit rating on the company's bank facilities. The total bank loan facilities rated amount to ₹4,500 crores.
The long-term rating has been upgraded from 'CRISIL BBB+/ Stable' to 'CRISIL A / Stable'. This upgrade reflects a significant improvement in the company's creditworthiness.
The rating action was communicated by Crisil Ratings Limited via a report/letter dated 20.08.2026. The company has submitted this information to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange.
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