Credit rating agency, CRISIL has reaffirmed rating of KCP’s long term bank facilities at ‘A-/ Stable’. The rating agency has also reaffirmed the company’s short term bank facilities at ‘A2+’. Moreover, CRISIL has reaffirmed rating of the company’s Rs 70 crore Non Convertible Debentures (NCDs) at ‘A-/ Stable’.
KCP is a diversified $50 million business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology.