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Acuite Ratings assings ratings to ITI’s bank facilities

16 Jan 2021 Evaluate

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.

Peers
Company Name CMP
Black Box 818.80
ITI 221.65
Tejas Networks 416.20
Quadrant Televenture 0.67
Valiant Communicatns 1635.45
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