23.05.2016 07:00:00
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JSW Steel Limited -- Moody's: JSW Steel to post better earnings in FY2017; rating unaffected
Singapore, May 23, 2016 -- Moody's Investors Service says that JSW Steel Limited (Ba3 negative) is likely to post significantly improved earnings in FY2017 -- which ends on March 31 2017 -- benefiting from a mix of protectionist measures imposed by the Indian government and cost savings. That said, these results have no immediate impact on the company's rating or negative outlook, because the company yet needs to improve its leverage consistent with its Ba3 corporate family rating.