Credit rating agency, CRISIL has assigned ‘AA-/Stable’ rating to the non-convertible debentures (NCD) programme of Ashoka Buildcon, while the rating agency has reaffirmed its ratings on the bank facilities and debt programme of the company at ‘AA-/Stable/A1+’.
The ratings continue to reflect the Ashoka group’s established track record in executing engineering, procurement, and construction (EPC) contracts and BOT road projects, and its sound financial risk profile, marked by healthy net worth, low gearing, and comfortable debt protection metrics. These rating strengths are partially offset by the continued funding support required by the group's subsidiaries, and its working-capital-intensive operations.
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.
Got a minute? Help us shape our products!
Thank you for being a registered user on MoneyWorks4me (SEBI Registered: INA000013323) - with 2.75 lac+ registered users.
We are working on shaping our products to enable you confidently invest in stocks. Towards this we want to understand your needs and priorities better. It will only take a minute and would help us serve you better!
What more? You get special offer as token of appreciation of your valuable feedback once new version is launched. We assure you it will be a solution you will be happy to use!