Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Subex’s long term bank facilities worth Rs 141 crore. The rating agency has also reaffirmed ‘BB+/ A4+’ rating to company’s Long/Short term Bank Facilities worth Rs 25 crore.
The company has received the said rating on the back of its tight liquidity position owing to the stretched collection period, subdued performance in FY13 (refers to the period April 1 to March 31) marked by a decline in revenue and cash losses and growth concerns due to the subdued investment climate prevailing in the telecom space in major markets of the company.
Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
Company Name | CMP |
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TCS | 3821.65 |
Infosys | 1434.20 |
HCL Tech. | 1342.25 |
Wipro | 460.85 |
Tech Mahindra | 1327.00 |
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