Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to AGC Networks’ long term bank facilities worth Rs 160 crore, which was enhanced from Rs 154.15 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 35 crore, which was reduced from Rs 40.85 crore.
The ratings continue to be supported by the experience promoters (viz., Essar group) and management, sound technical know-how and domain expertise, strong and diverse client based across various verticals and diversified capabilities in Information and Communication Technology (ICT) solutions. The ratings take cognisance of the narrowed losses with improvement in operational performance and collection period during FY15 (refers to the period April 1, 2014 to March 31, 2015).
AGC Networks is India’s leading intelligent communications solution provider delivering business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding communication in their business processes.
Company Name | CMP |
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ITI | 301.00 |
Tejas Networks | 1176.25 |
Quadrant Televenture | 1.87 |
Black Box | 246.50 |
Avantel | 115.70 |
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