Jindal Stainless gets first major credit re-rating uplift By IANS | 1 Views JSW Steel plant in Ballari, Karnataka. . Image Source: IANS News New Delhi, May 13 : In the first-ever such development, Crisil Ratings has assigned 'CRISIL A+/Stable' rating to the long-term credit facilities of Jindal Stainless Ltd (JSL). Short-term credit facilities of JSL have been rated 'CRISIL A1'. In January this year, JSL was accorded ratings of 'IND BBB+' and 'CARE BBB+' by India Ratings and Research and CARE Ratings, respectively, for long-term debt facilities. The present rating is three notches higher than the earlier ratings. Among the major determinants acknowledged by CRISIL for the ratings is the superior market position with a sizeable quantum of exports and significant improvements in overall operating efficiency, ensuring stable profitability.