Credit rating agency, CRISIL has upgraded its ratings assigned to Bank facilities and Debt Programme of Ashoka Buildcon. The credit rating agency has revised the rating for Long Term facilities of the company from ‘A+/Positive’ to ‘AA-/Stable’.
The agency has also upgraded the rating assigned to Short Term facilities and Commercial Paper from ‘A1’ to ‘A1+’.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
