Credit rating agency, ICRA has assigned a short-term rating of ‘A1’ to the Rs 50.00 crore Commercial Paper (CP) programme of KEC International. The rating agency has long-term rating of ‘A+’ and short-term rating of ‘A1’ outstanding on term loans, fund based limits and non-fund based limits of the company aggregating to Rs 10972.09 crore. The outlook on the long-term rating is stable.
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