KEI Industries Limited has informed the Exchange about Credit Rating
KEI · price
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ICRA Limited has reaffirmed KEI Industries' credit ratings at ICRA AA+ with Stable outlook for long-term bank facilities and ICRA A1+ for short-term bank facilities and commercial papers. The reaffirmation came after ICRA considered income tax department-initiated search operations at the company. Both ratings indicate very high creditworthiness with very low credit risk for investors. The company has multiple rated instruments including working capital facilities and commercial papers. This is a routine periodic monitoring exercise by the rating agency.
Positive for shareholders as the ratings remain unchanged at high levels despite the tax search scrutiny, suggesting no material impact on the company's debt servicing ability.