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ICRA reaffirms short-term rating of Newgen Software Technologies

04 Apr 2019 Evaluate

Credit Rating Agency, ICRA has reaffirmed the short-term rating of ‘A2+’ assigned earlier to the Rs 80.50 crore line of credit of Newgen Software Technologies, and also assigned a short-term rating of ‘A2+’ to the additional limit of Rs 14.50 crore Non-fund Based Facilities. The aforesaid ratings will be due for surveillance anytime before December 31, 2019.

Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.

Peers
Company Name CMP
TCS 2126.90
Infosys 1017.00
HCL Technologies 1220.00
Wipro 161.60
Tech Mahindra 1470.00
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