KEC International Limited has informed the Exchange about Credit Rating
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ICRA Limited has reaffirmed KEC International's credit ratings on its banking facilities totalling Rs. 21,850 crore. Long-term facilities retain [ICRA] A+ (Stable) rating, while short-term facilities retain [ICRA] A1+ rating. Working capital facilities of Rs. 3,000 crore, non-fund based limits of Rs. 15,500 crore, and term loans of Rs. 137.50 crore were all reaffirmed. Additionally, the rating on External Commercial Borrowings (foreign currency term loan) was reaffirmed and withdrawn because the facility has been fully paid off. The reaffirmation indicates that the rating agency views the company's credit profile as stable with no concerns.
This is a neutral to slightly positive signal for shareholders. The rating reaffirmation at A+ (Stable) suggests the company's financial health and creditworthiness remain unchanged. The full repayment of the ECB facility is a positive indicator of debt management and reduced foreign currency obligations.