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.
