KEI Industries gets revision in credit ratings
From ICRA
KEI Industries announced that ICRA has upgraded the rating assigned to Long Term Bank' Facilities availed by the Company from [ICRA]A- (pronounced ICRA A minus) to [ICRA]A (pronounced ICRA A).Further, that ICRA has upgraded the rating assigned to Short Term Bank Facilities availed by the Company from [ICRA]A2+ (pronounced ICRA A two plus) to [ICRA]A1 (pronounced ICRA A One).
Further, ICRA has upgraded the rating assigned to Medium Term Instrument i.e. Fixed Deposits Programme of the Company from MA (pronounced M A) to MA+ (pronounced MA plus).
ICRA has upgraded the rating assigned to Commercial Paper of the Company from [ICRA]A2+ (pronounced ICRA A two plus) to [ICRA]A1 (pronounced ICRA A one).
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