Credit rating agency, CARE has reaffirmed ‘A+’ rating to KEC International’s Long-term Bank Facilities worth Rs 1,303.90 crore which reduced from 1,400.44 crore and A1 rating to Short-term Bank Facilities worth Rs 7,850.00 crore.
The ratings continue to derive strength from KEC’s dominant market position and significant experience of the promoters, strong execution capabilities in executing projects in power transmission segment and geographically diversified order book position yielding revenue visibility in medium term.
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.
