CARE assigns ‘A1’ to proposed commercial paper issue of KEC International

Credit rating agency, CARE has assigned ‘A1’ to the proposed commercial paper issue worth Rs 75 crore of KEC International. The short term rating assigned to the proposed instrument of the company derives strength from its dominant market position and significant experience of the promoters, strong execution capabilities in executing projects in power transmission segment and geographically diversified order book position yielding revenue visibility in medium term. KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.