JKB Financial Services Ltd.

As on : 30-Sep-2026

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30-Sep-2026 16:55

KCP Sugar & Industries receives reaffirmed CARE A-; Stable ratings for various bank facilities

KCP Sugar & Industries Corporation Ltd announced that CARE Ratings Limited and CARE Ratings Ltd. have reaffirmed ratings on various bank facilities and instruments, including Long Term Bank Facilities of Rs 70.00, Long Term / Short Term Bank Facilities of Rs 65.00, Short Term Bank Facilities of Rs 54.09, and Fixed Deposit of Rs 91.22, all carrying a rating of CARE A-; Stable, with enhancements from previous amounts of 63.20 and 30.00 respectively, and a reduction in Short Term Bank Facilities from 59.09; additionally, CARE Ratings has assigned a rating of BBB to a Bank Loan facility of Rs 100 crore, while BWR A1+ has reaffirmed ratings on certain bank facilities, and notes that some facilities are under review due to a lack of cooperation from the issuer, alongside monitoring of FD mobilised and a Specified Amount Deposit; furthermore, CareEdge Ratings has provided a rating reflecting opinions as on the date of the rating for bank facilities/instruments, and no rating data was provided by an unknown agency.

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