India Ratings & Research has affirmed Tera Software’s long-term issuer rating at ‘BBB-’. The outlook is negative. The affirmation reflects the company’s higher operating margins, lower debt and comfortable credit metrics in FY14, despite a significant decline in the top line.
Tera Software provides complete solutions from proof of concept to wide area replication in many e-governance verticals like education, registration, utilities, transportation, health, distribution, administration, co-operatives and agri-marketing; total turnkey system integration and networking solutions for banks, PSUs, defence, and research organizations.
