Credit rating agency, CARE has reaffirmed BB+ rating to Subex’s long term bank facilities worth Rs 141 crore. The rating agency has also reaffirmed A4+ rating to short term bank facilities of the company.
The company has received the said rating reaffirmation on the back of restructuring of outstanding FCCBs in a cashless exchange offer and allotment of fresh shares upon mandatory conversion into equity.
Subex is a leading global provider of business support systems that empowers communication service providers to achieve competitive advantage through Business Optimization-thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
