Acuite Ratings & Research has assigned credit ratings to ITI’s bank facilities. The agency has assigned BBB+ (CE)/stable rating to the company’s Fund based (Cash Credit) Long Term facilities worth Rs 1295.00 crore. it has also assigned A2 (CE) rating to the company’s Non-Fund based (Letter of Credit/Bank Guarantee) Short Term facilities worth Rs 2559.34 crore.
ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.
