KEI INDUSTRIES LTD. - 517569 - Announcement under Regulation 30 (LODR)-Credit Rating
Dear Sir, CARE Ratings has reaffirmed the rating assigned to Long Term Bank Facilities availed by the Company as CARE A; Stable (pronounced CARE A Stable). Instruments/ Facilities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments/facilities carry low credit risk. CARE Ratings has also reaffirmed the rating assigned to Short Term Bank Facilities and Commercial Paper as CARE A1 (pronounced CARE A1). Instruments/ Facilities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments/facilities carry lowest credit risk.CARE Rating has reaffirmed the rating assigned to Medium Term Instrument i.e. Fixed Deposits Programme of the Company as CARE A (FD); Stable (pronounced CARE A (FD) Stable). Instrument with this rating are considered to have adequate credit quality rating. Such instruments/facilities carry average credit risk.04-10-2019