KEI Industries Informs about credit rating

20 Mar 2020 Evaluate

KEI Industries has informed that ICRA has reaffirmed the rating assigned to Long Term Bank Facilities availed by the Company as (ICRA) A Stable (pronounced ICRA A Stable). Instruments / Facilities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments/ facilities carry low credit risk. ICRA has also reaffirmed the rating assigned to Short Term Bank Facilities and Commercial Paper as (ICRA) A1 (pronounced ICRA A One). 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, ICRA has reaffirmed the rating assigned to Medium Term Instrument, Fixed Deposits Programme of the Company as MA+ Stable (pronounced M A plus Stable). MA+ indicate adequate credit quality rating assigned by ICRA. The rated deposits carry average credit risk.

The above information is a part of company’s filings submitted to BSE.


KEI Industries Share Price

3470.00 -7.70 (-0.22%)
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