KEI Industries Limited has received affirmation of its credit ratings from India Ratings and Research Private Limited. The company's Long-Term Bank Facilities and Debt Instruments have been affirmed with an 'IND AA+/Stable' rating, indicating a high degree of safety and very low credit risk for timely servicing of financial obligations. Furthermore, the Short-Term Bank Facilities and Commercial Paper ratings have been affirmed as 'IND A1+', signifying a very strong degree of safety and the lowest credit risk for timely payment of financial obligations. The total value of the Long-Term Bank Facilities and Debt Instruments rated is ₹38,100 million (₹3,810 crore). India Ratings has also affirmed the rating for KEI's Commercial Paper program of up to ₹1,000 million (₹100 crore) as 'IND A1+', which is yet to be issued and will be fully carved out of working capital limits. These ratings are valid for a maximum period of one year from the date of issuance, subject to continuous review.
