KEI Industries has informed that India Ratings and Research has Upgraded the ratings to the Company's Debt Instruments as follows: (1) Instrument Type: Long Term Bank Facilities (Working Capital)/ Term Loans/ Debt Instruments; Rating/ Outlook: IND AA/ Stable; Rating Definition: Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. (2) Instrument Type: Short Term Bank Facilities (Working Capital)/Commercial Paper; Rating/ Outlook: IND A1+; Rating Definition: Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
The above information is a part of company’s filings submitted to BSE.
