CARE upgrades ratings assigned to bank facilities of KEI Industries

08 Jul 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has upgraded / revised the rating assigned to the Long Term Bank Facilities availed by KEI Industries from ‘BBB’ to ‘BBB+’. This rating is applicable to facilities having tenure of more than one year. Facilities with these ratings are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such facilities carry moderate credit risk.

The credit rating agency has upgraded / revised the rating assigned to the Medium Term Instrument i.e. Fixed Deposits scheme of the company from ‘BBB (FD)’ to ‘BBB+ (FD)’.

Further, the agency has reaffirmed the rating ‘A3+’ assigned to the Short Term Bank 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 moderate degree of safety regarding timely payment of financial obligations.

KEI industries incorporated in 1968, is engaged in manufacturing of high and low tension cables (EHT, HT and LT), control and instrumentation cables, house wires and stainless steel wires.


KEI Industries Share Price

3156.40 39.40 (1.26%)
23-Feb-2024 16:59 View Price Chart
Peers
Company Name CMP
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KEI Industries 3156.40
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