KEC International announces the reaffirmation of credit ratings for its long-term and short-term bank facilities by CARE Ratings Ltd. The long-term bank facilities, amounting to ₹3,000.00 crore, retain a rating of CARE A+; Stable. Similarly, the ratings for long/short term bank facilities, enhanced to ₹16,800.00 crore, remain at CARE A+; Stable / CARE A1+. The credit rating for non-convertible debentures has been withdrawn.
Credit Rating Update
CARE Ratings Ltd. has reaffirmed the credit ratings for KEC International’s banking facilities as of December 16, 2025.
Details of Reaffirmed Ratings
The credit ratings for the following facilities have been reaffirmed:
Long Term Bank Facilities: The rating remains at CARE A+; Stable for facilities amounting to ₹3,000.00 crore.
Long Term / Short Term Bank Facilities: The rating is reaffirmed at CARE A+; Stable / CARE A1+ for facilities, which have been enhanced from ₹15,500.00 crore to ₹16,800.00 crore.
Withdrawal of Rating
The rating for Non-Convertible Debentures has been withdrawn, as the instrument was not placed.
Source: BSE