Credit rating agency, CARE has revised rating of BS’ long term bank facilities worth Rs 595.18 crore to ‘BBB+’ from ‘BBB’. The rating agency has also revised rating of the company’s short term bank facilities worth Rs 387.45 crore to ‘A2’ from ‘A3+’.
The revision in the ratings assigned to the bank facilities of the company takes into consideration improvement in financial profile of the company marked by healthy and sustained growth in the scale of operations between FY13-FY15.
BS (formerly known as BS TransComm) is India’s Leading Infrastructure player in Power Transmission & Distribution and Telecom Managed Services. Today the company is preferred EPC Provider in India, and poised to become a holistic infrastructure provider.
