Credit rating agency CRISIL has assigned ‘A1+’ rating to the short term debt programme (including Commercial Paper) of Navneet Education. The rating agency has also reaffirmed its rating on the company’s bank facilities at ‘AA/Stable/CRISIL A1+’. Further, instruments with the above rating are considered to have very strong degree of safety regarding timely payment of financial obligations.
Navneet Education is engaged into publishing educational and children books and stationary products. Navneet is a leading player in the field of publishing, with more than 5000 titles in English, Hindi, Marathi, Gujarati and foreign languages.
