Credit rating agency, CARE has reaffirmed ‘A’ rating to IL&FS Transportation Networks’ Long-term Bank Facilities worth Rs 1257 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term bank facilities worth Rs 330 crore.
The reaffirmation of the ratings continues to draw comfort from strong parentage of Infrastructure Leasing & Financial Services, significant experience and expertise of IL&FS Transportation Networks in surface transportation and road infrastructure development, proven track record in project execution and its dominant position in the domestic road sector reflected by ownership of geographically diversified road assets with healthy mix of annuity and toll-based projects.
IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.
