Credit rating agency, CARE has assigned ‘BBB’ rating to the long-term bank facilities of Aurionpro Solutions (ASL) for Rs 51.69 crore. The agency has also assigned ‘A3+’ rating to the short-term bank facilities of the company for Rs 35.00 crore.
The ratings derive strength from ASL’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. ASL’s ability to successfully consolidate the acquired entities, to continue to derive steady rupee revenues from the existing client base and to maintain margins in view of the rising wage bill remains the key rating sensitivities.
ASL 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.
Company Name | CMP |
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TCS | 3895.85 |
Infosys | 1425.15 |
HCL Tech. | 1316.25 |
Wipro | 451.35 |
Tech Mahindra | 1262.40 |
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