Kilburn Engineering’s Credit Rating Reaffirmed by Acuité, Outlook Revised to Positive

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Kilburn Engineering’s Credit Rating Reaffirmed by Acuité, Outlook Revised to Positive

Team Finance Saathi

07/Feb/2025

What's covered under the Article:

Acuité Ratings reaffirmed Kilburn Engineering’s credit rating at BBB and revised its outlook to Positive.
The company’s term loans and fund-based limits received a stable credit assessment.
Kilburn Engineering maintains strong financial stability with ₹190 crore in bank credit facilities.

Kilburn Engineering’s Credit Rating Reaffirmed with Positive Outlook by Acuité Ratings

Kilburn Engineering Limited, a leading engineering and manufacturing company, has received a credit rating reaffirmation from Acuité Ratings & Research Limited. The agency has revised the company’s outlook from Stable to Positive, indicating a strong financial standing and favorable growth prospects.

Credit Rating Update

According to the latest disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Acuité Ratings reaffirmed Kilburn Engineering’s credit ratings as follows:

Facilities	Amount (₹ Crore)	Rating Assigned / Reaffirmed	Rating Action
Term Loan	53.70	ACUITE BBB (Triple B, Positive Outlook)	Reaffirmed, outlook revised to Positive
Fund-Based Limits (Existing & Proposed)	28.99	ACUITE BBB (Triple B, Positive Outlook)	Reaffirmed, outlook revised to Positive
Fund-Based Limits (Proposed)	7.31	ACUITE BBB (Triple B, Positive Outlook)	Assigned
Non-Fund-Based Limits (Existing & Proposed)	82.31	ACUITE A3+ (A Three Plus)	Reaffirmed
Non-Fund-Based Limits (Proposed)	17.69	ACUITE A3+ (A Three Plus)	Assigned
Total Bank Credit Facilities	₹190 Crore	(Rupees One Hundred Ninety Crore Only)	-

Financial Strength & Market Outlook

Kilburn Engineering’s credit rating upgrade to Positive outlook reflects its improving business performance, strong liquidity position, and stable financial management. The reaffirmation of BBB and A3+ ratings signals financial discipline and steady revenue growth in the engineering and manufacturing sector.

The company’s strong banking support, stable cash flow, and improved debt coverage were key factors contributing to the rating action. The positive outlook indicates a high potential for future credit rating upgrades, provided Kilburn Engineering maintains consistent financial performance.

What This Means for Investors

For investors, a positive credit outlook represents lower financial risk, making Kilburn Engineering a more attractive stock in the market. The company's strong credit standing will enable better access to financing, supporting its growth and expansion strategies in the engineering sector.

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Kilburn Engineering’s Credit Rating Reaffirmed by Acuité, Outlook Revised to Positive

What's covered under the Article:

Kilburn Engineering’s Credit Rating Reaffirmed with Positive Outlook by Acuité Ratings

Credit Rating Update

Financial Strength & Market Outlook

What This Means for Investors

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