KEC International has announced that its credit ratings have been reaffirmed and assigned by ICRA Limited. Credit facilities totaling Rs. 24,100 crore (enhanced from Rs 21,850 crore) have been evaluated. The ratings reflect ICRA’s assessment of KEC International’s financial stability and operational performance. This development is crucial for investors monitoring the company’s financial health and future prospects.
Credit Rating Update
KEC International has received updated credit ratings for its various credit facilities. These ratings actions reflect assessments of KEC’s financial standing. The announcement was made on November 25, 2025.
Ratings Breakdown
The following ratings actions were taken on the company’s credit facilities:
Long Term – Fund-based – Working Capital Facilities: Rating of [ICRA] A+ (Stable), Reaffirmed for a total amount of Rs. 3,000.00 crore.
Long Term/ Short Term Non-Fund Based Limits: Rating of [ICRA] A+ (Stable)/[ICRA]A1+, Reaffirmed/ assigned for enhanced amount for a total of Rs. 16,800.00 crore.
Long Term/Short Term – Fund-based – Term loan: Rating of [ICRA] A+ (Stable)/[ICRA]A1+, Reaffirmed for a total of Rs. 137.50 crore.
Long Term/Short Term – Unallocated Limits: Rating of [ICRA] A+ (Stable) / [ICRA]A1+, Reaffirmed/ assigned for enhanced amount for a total of Rs. 287.50 crore.
Short Term – Bill Discounting: Rating of [ICRA] A1+, Reaffirmed/ assigned for enhanced amount for a total of Rs. 3,875.00 crore.
Overall Credit Facilities
The total credit facilities covered under this announcement amount to Rs. 24,100.00 crore, an increase from the previous Rs. 21,850.00 crore.
Source: BSE