MoneyWorks4Me

CARE reaffirms rating of Aurionpro Solutions’ bank facilities

14 Mar 2012 Evaluate

Credit rating agency, CARE has reaffirmed BBB rating to Rs 74.78 crore long term bank facilities of Aurionpro Solutions. The rating agency has also reaffirmed A3+ rating to Rs 45 crore short term bank facilities of the company.

The ratings derive strength from the company’s experienced and professionally qualified promoters and management, its specialisation in the banking vertical, its geographically diversified revenue base, large and abiding customer base and its comfortable gearing levels.

Aurionpro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.

Peers
Company Name CMP
TCS 2202.00
Infosys 1038.20
HCL Technologies 1207.00
Wipro 167.50
Tech Mahindra 1539.50
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