KEC International credit ratings reaffirmed by CARE Ratings

KEC International Limited today announced that CARE Ratings Ltd. has reaffirmed the credit ratings for its banking facilities. The long-term bank facilities, amounting to INR 3,000.00 crore, received a CARE A+; Stable rating.

Additionally, the long-term/short-term bank facilities, which were enhanced from INR 15,500.00 crore to INR 16,800.00 crore, also saw their ratings reaffirmed at CARE A+; Stable / CARE A1+. The non-convertible debentures, however, had their rating withdrawn as the instrument was not placed.