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CARE reaffirms rating of Accel Frontline’s bank facilities

24 May 2011

Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Rs 27 crore long term bank facilities of Accel Frontline. The rating agency has also reaffirmed ‘PR3’ rating to Rs 87 crore short term bank facilities of the company.

The ratings continue to factor in the company’s established track record of operations, absence of any long-term debt resulting in very low gearing, strong relationship with multiple vendors in multiple product categories and strong parentage with the company being a subsidiary of British Telecom.

Accel Frontline has organized its business into four strategic business units to help enterprises boost performance and enhance operational efficiency through optimal use of information technology. The strategic business units are aimed at giving customers the ability to choose from the best services available while the company stays focused and remains profitable in its various practice domains.

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