This comes after S&P Global Ratings assigned a similar ‘BBB-’ rating with stable outlook. Separately, Moody’s affirmed JSWIL’s Ba1 rating but raised the outlook to positive from stable, citing stronger operational resilience.
In its 25 August report, Fitch said it expects the company to maintain financial discipline in managing debt while undertaking investments, acquisitions and shareholder returns.
In a statement, JSW Infrastructure’s finance head Lalit Singhvi said the recognition strengthens investor confidence, and supports its long-term expansion plans.
This puts JSW Infrastructure alongside companies like Adani Ports, Reliance Industries, Tata Steel, ICICI Bank, HDFC Bank, NTPC, ONGC, and State Bank of India, that are already part of the investment-grade category.
