Rating agency, Credit Analysis & Research (CARE) has reaffirmed A+ rating to the long term facilities, aggregating to Rs 382.70 crore of Educomp Solutions. Facilities with this rating are considered to have adequate degree of safety for timely servicing of financial obligation, such facilities carry low credit risk.
Further, CARE has revised rating for the short term facilities of the company, aggregating to Rs 410.00 crore from A1 rating to A1+. Facilities with this rating are considered to have very strong degree of safety for timely servicing of financial obligation, such facilities carry lowest credit risk.
Educomp Solutions is engaged in providing digital educational content in the classroom through its patented product ‘SmartClass’ and ICT. The company is also engaged in providing vocational, higher education and professional development, K-12 schools and online, supplementary and global education business.
