Credit rating agency, CARE has reaffirmed ‘A+’ rating to Rolta India’s long term bank facilities worth Rs 2546.30 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term bank facilities worth Rs 368.75 crore.
The revision in long-term rating assigned to the bank facilities of the company is on the back of significant improvement in operating performance in FY14 and concomitant improvement in debt coverage indicators.
Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.