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| Exchange Disseminated Time | KEI Industries Ltd has informed BSE that Credit Analysis & Research Ltd. (CARE) has revised the rating from 'CARE BBB+' (triple B plus) to 'CARE BBB' (triple B) assigned to the Long Term Facilities availed by the Company. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered to offer moderate safety for timely servicing of financial obligations. Such facilities carry moderate credit risk.
Further, CARE has revised the rating from 'CARE A2+' (A Two plus) to 'CARE A2' (A Two) assigned to the Short Term facilities availed by the Company. This rating is applicable to facilities having tenure up to one year. Facilities with this rating are considered to have strong degree of safety regarding timely payment of financial obligations. Such facilities carry low credit risk. |
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