Credit rating agency, Credit Analysis & Research (CARE) has revised the rating of long term bank facilities of Educomp Solution from ‘A+’ to ‘A-’. The agency has also reduced the bank facilities worth from Rs 382.70 to Rs 299.07 crore. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and such facilities carry low credit risk.
Besides, the rating agency has also revised the rating of short term bank facilities worth Rs 410.00 crore of the company from ‘A1+’ to ‘A1’. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and such facilities carry lowest credit risk.
Educomp Solution provides learning solutions to schools, governments, teachers, students and parents. It has research and development center located at Noida that creates quality products and services. The solution is based on education principles that help them to design education systems.
| Company Name | CMP |
|---|---|
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| Compucom Software | 14.22 |
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