CARE revises rating assigned for KEI Industries’ long term facilities

27 Jan 2012 Evaluate

Credit Analysis & Research (CARE) has revised rating assigned to the long term facilities availed by KEI Industries from ‘CARE BBB+’ to ‘CARE BBB’. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered to offer moderate safety for timely servicing of financial obligations. Such facilities carry moderate credit risk.

Further, CARE has revised the rating from ‘CARE A2+’ to ‘CARE A2’ assigned to the Short Term facilities availed by the Company. This rating is applicable to facilities having tenure up to one year. Facilities with this rating are considered to have strong degree of safety regarding timely payment of financial obligations. Such facilities carry low credit risk.

KEI Industries was incorporated for prime business activity of manufacturing house-wiring rubber cables. The product portfolio of KEI consists of three main segments; cables, Stainless Steel (SS) Wires and Winding, Flexible and House Wiring. The company has production facilities at Bhiwadi, Chopanki (Rajasthan) Silvassa. 

KEI Industries Share Price

1399.25 11.20 (0.81%)
Aug 12, 18:03 View Price Chart
Peers
Company Name CMP
Polycab India 2409.10
Sterlite Technologie 147.60
KEI Industries 1399.25
Finolex Cables 435.75
Precision Wire India 81.00
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