Credit rating agency, CARE has reaffirmed ‘A+’ rating to KEC International’s long term bank facilities worth Rs 1,292.35 crore which was reduced from Rs 1,303.90 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 7,850.00 crore.
The ratings continue to derive strength from company’s dominant market position and significant experience of the promoters, strong execution capabilities in executing projects in the power transmission segment and geographically diversified order book position yielding revenue visibility in the medium term.
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.
