From CARE
KEI Industries announced that CARE Ratings (CARE) has upgraded the rating assigned to Long Term Bank Facilities availed by the Company from CARE A-; Outlook: Positive Single A Minus] to CARE A; Stable [Single A; Outlook Stable].Further, CARE has upgraded the rating assigned to Short Term Bank Facilities availed by the Company from CARE A2+ [A Two Plus] to CARE A1 [A One].
CARE has upgraded the rating assigned to Medium Term Instruments i.e., Fixed Deposit Programme of the Company from CARE A-(FD); Outlook: Positive [Single A Minus (Fixed Deposit)] to CARE A (FD); Stable [Single A (Fixed Deposits); Outlook: Stable].
CARE has upgraded the rating assigned to Commercial Paper of the Company from CARE A2+ [A Two Plus] to CARE A1 [A One].
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