JSW Steel secured a Baa3 global investment grade rating from Moody's on 31 July 2026. The company reduced net debt by over ₹30,000 crore in fifteen months. Net Debt/EBITDA improved to 1.46x from 3.34x. The upgrade follows Fitch, CARE, and ICRA upgrades in July. The rating strengthens access to international capital markets on competitive terms.