Moody's said JSW Steel's production capacity grew by around 20% over the past fifteen months. (Photo: JSW Steel/X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Moody's Ratings upgraded its outlook on domestic steel major JSW Steel and its US-based arm Periama Holdings LLC to positive from stable.

The change in outlook reflects JSW Steel's meaningful expansion in operating scale, reinforcing its position as India's largest steel producer, Hui Ting Sim, a Moody's Ratings Assistant Vice President and Analyst said in a report on Wednesday.

Hui Ting Sim said the ramp-up of operations at recently completed projects will drive higher earnings and support sustained improvement in the company's credit metrics.

The rating action also reflects our expectation that JSW Steel wil

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