Credit rating agency, Fitch Ratings has affirmed MindTree’s National Long-term rating at ‘AA (ind)’. The agency has simultaneously revised the outlook to negative from stable.
The rating agency has also affirmed ‘F1+ (ind)’ rating to Rs 106.00 crore sanctioned fund based working capital limits, ‘F1+ (ind)’ rating to Rs 24.30 crore sanctioned non-fund based working capital limits and withdrawn ‘AA (ind)’ rating on Rs 460.00 crore NCDs/long-term loans as the issuer has confirmed that it has not issued any debentures under the programme and there is no outstanding instrument under the rating.
MindTree offers IT services across the consumer goods value chain, spanning product development and manufacturing intelligence systems, supply chain execution and optimization solutions and customer and consumer management solutions.
