Credit rating agency, CARE has assigned ‘A-’ rating to Blue Star Infotech’s Long-term bank facilities worth Rs 5 crore. The rating agency has also assigned ‘A2+’ rating to the company’s Short-term bank facilities worth Rs 20 crore. The ratings draw strength from BSIL’s favourable financial risk profile marked by healthy capital structure and comfortable debt coverage indicators.
Blue Star Infotech is an IT consulting firm and has been in operation for more than 30 years. It has offices in USA, UK, Europe, India, Singapore and Malaysia. The company is a part of the Blue Star Group, a USD 750 million conglomerate with a rich 70-year history. It has a Global Delivery network that spans across India (Mumbai and Bangalore), USA (Milwaukee, WI), and Singapore.
