Credit rating agency, CRISIL Ratings has reaffirmed the ratings assigned to MT Educare’s enhanced bank loan facilities worth Rs 80 crore from the existing facilities amounting to Rs 55 crore availed by the company. The rating agency has reaffirmed company’s overdraft facility worth Rs 5 crore at ‘A2+’, Term loan worth Rs 55 crore at ‘A-’ and working capital demand loan worth Rs 15 crore at ‘A-’.
MT Educare is an education service company providing education support and coaching services. The company operates through conducting commercial training, coaching, tutorial classes and activities incidental and ancillary segment. Its business segments include School Section, Science Section, and Commerce Section/University etc.
