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India Ratings revises rating issued to banking facilities of HCL Infosystems

04 Mar 2015 Evaluate

Credit rating agency, India Ratings & Research has revised HCL Infosystems’ Long-Term Issuer Rating from ‘A+’ to ‘A’ and removed it from Rating Watch Negative (RWN). The rating ‘A’ denotes Stable Outlook.

HCL Infosystems is one of the largest distribution organizations in India in terms of revenue with a network of over 100,000 retail outlets, 800 direct distributors and 12,400 channel partners across 15,000 towns and 664 districts.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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