NSECredit Rating- Revision21 Aug 2026 · 21 Aug 2026, 12:05 pm
Credit Rating- Revision
NMDC Steel Limited · NSLNISP
✦ AI SummaryRating Change
NMDC Steel Limited has informed the Exchange about a revision in its credit rating by Crisil Ratings Limited, upgrading the long-term rating to Crisil A / Stable from Crisil BBB+/ Stable.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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NMDC Steel Limited has informed the Exchange about Credit Rating- Revision
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NSLNISP_21082026120306_NSL_CreditRating_21082026.pdf
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No. 18(2)/2026/68 21.08.2026
BSE Limited National Stock Exchange of Calcutta Stock Exchange
Phiroze Jeejeebhoy Towers India Limited 7, Lyons Range, Murgighata,
Dalal Street, Exchange Plaza, C- 1,Block G, Dalhousie,
Mumbai – 400001. Bandra-Kurla Complex, Kolkata,
Scrip Code: 543768 Bandra (East), West Bengal 700001
Mumbai – 400051 Scrip ID: 74920
Security ID: NSLNISP
Dear Sir / Madam,
Sub: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 – Revision in
credit rating by Crisil Ratings Limited
Ref: Regulation 30 of SEBI (LODR) Regulations, 2015
In line with Regulation 30 read with Schedule-III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, it is informed that Crisil Ratings Limited vide report / letter
dated 20.08.2026 has reviewed Credit Ratings on Bank facilities of NMDC Steel Ltd. as under:
Total Bank loan facilities rated Rs.4,500 crores.
Long-term rating Crisil A / Stable (Upgraded from ‘Crisil BBB+/ Stable’)
A copy of the said Report / Letter is enclosed herewith.
This is for your information and records.
Thanking you,
Yours faithfully,
for NMDC Steel Limited
(Paraj Kanti Saha)
Company Secretary
Encl:- As above.