Kernex Microsystems (India) Ltd announced revised credit ratings from CARE Ratings Limited, assigning CARE BBB; Stable to both the long-term bank facilities amounting to Rs 125.00 crore and Rs 10.00 crore, and CARE A3+ to the short-term bank facilities, which were previously enhanced from Rs 100.00 crore, alongside another long-term bank facility of Rs 525.00 crore, also rated CARE BBB; Stable and previously enhanced from Rs 175.00 crore, with the rating action representing an upgrade from CARE BBB-; Stable.
