Ind Ra revises Kilburn Engineering's outlook to Positive, affirms at 'BB+'

21 Jun 2022 , 10:53 AM

India Ratings and Research (Ind-Ra) has revised Kilburn Engineering Ltd.’s (KEL) Outlook to Positive from Stable while affirming its Long-Term Issuer Rating at ‘IND BB+’.

According to the rationale report, the Positive Outlook reflects Ind-Ra’s expectation of a sustained growth in KEL’s revenue and EBITDA, leading to an improvement in the credit metrics of the company in the near-to-medium term.

At around 10:50 AM, Kilburn Engineering was trading at Rs31.50 per share up by Rs0.15 or 0.48% from its previous closing of Rs31.35 per share on the BSE.