ICRA has reaffirmed the rating assigned to Long Term Bank Facilities availed by the KEI Industries as ‘A Stable’. Instruments / Facilities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
It has also reaffirmed the rating assigned to Short Term Bank Facilities and Commercial Paper as ‘A1’. Instruments / Facilities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments/facilities carry lowest credit risk. Further, it has reaffirmed the rating assigned to Medium Term Instrument i.e. Fixed Deposits Programme of the Company as MA+ Stable.
KEI Industries has three segments cable, stainless steel and turnkey projects. The company’s product offerings include thermacouple extension / compensating, rubber cables, elastomeric cables, single/ multicore flexible wires, submersible cables etc.
