JSW Ispat Special Products Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

This is to inform you that as per the communication dated 27 December, 2022 from CARE Ratings Limited ('CARE'), received by the Company on 28 December, 2022, the credit rating of the borrowings of the Company has been reviewed by CARE. A copy of the formal rating rationale issued by CARE Ratings Limited is enclosed herewith. The complete definitions of the rating assigned by CARE are available at its website www.careedge.in and in other CARE Rating's Ltd.'s publications. This is for your information and further dissemination to shareholders of the Company.