Corporate News     28-Mar-23
K E C International receives ratings action from ICRA
K E C International announced that ICRA has assigned credit ratings to Rs 21,850 crore line of credit and USD 20 million ECB facility as under:

Fund based working capital facilities - ICRA AA-; Negative (reaffirmed)
Non fund based limits - ICRA AA-; Negative/ ICRA A1+ (reaffirmed)
Fund based term loans - ICRA AA-; Negative (reaffirmed)
Short term fund based - ICRA A1+ (reaffirmed)
Long term / short term - unallocated limits - ICRA AA-; Negative / ICRA A1+ (reaffirmed)
Short term - bill discounting - ICRA A1+ (assigned)

External commercial borrowings (foreign currency term loan) - ICRA AA-; Negative (reaffirmed)

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