Kaynes Technology India Limited — Credit Ratings, 17-06-2025: Credit Rating- Others

Infomerics Valuation and Rating Limited has upgraded and simultaneously withdrawn the long-term rating at IVR A with Stable outlook and short-term rating at IVR A1 for Kaynes Technology India Limited’s bank loan facilities. The upgrade followed the company’s request and removal from the Issuer Not Cooperating category, supported by no objection certificates from major lenders. This action indicates improved transparency and standing with lenders. While the withdrawal means the ratings will no longer be publicly available for reference, the upgrade prior to withdrawal may favorably impact borrowing costs and investor confidence in the near term. Future rating services can be availed upon the company’s request.