KEI Industries announced that ICRA Limited has revised the credit ratings for its bank facilities. The rating for long-term bank facilities has been reaffirmed at ICRA AA+/(Stable), with the total amount increased to ₹3,310 crore. Short-term facilities are rated ICRA A1+, with a revised amount of ₹500 crore. The changes reflect ICRA’s assessment of KEI’s creditworthiness and risk profile.
Credit Rating Update
ICRA Limited has revised the credit ratings for KEI Industries’ long-term and short-term bank facilities, as per an announcement dated February 4, 2026. This revision involves a re-allocation of the rated limits across different instruments.
Revised Long-Term Facilities
The rating for long-term bank facilities has been reaffirmed at ICRA AA+/(Stable), indicating a high degree of safety regarding timely servicing of financial obligations. The total amount allocated to these facilities has increased from ₹3,210 crore to ₹3,310 crore.
Short-Term Facility Ratings
The short-term bank facilities continue to be rated ICRA A1+. The amount has been revised from ₹600.00 crore to ₹500.00 crore. The commercial paper (CP) rating remains at ICRA A1+ with an amount of ₹40.00 crore, reflecting a very strong degree of safety for timely payments.
Total Rated Amount
The total rated amount across all facilities stands at ₹3,850.00 crore, with the ratings assigned on February 03, 2026.
Source: BSE
