Credit rating agency, Credit Analysis & Research (CARE) has revised the rating from ‘A1+’ to ‘A1’ to Commercial Paper (CP) issue aggregating to Rs 80 crore including outstanding amount if any and has also revised the rating from ‘A1’ to ‘A2+’ to CP issue aggregating to Rs 50 crore including outstanding amount if any. Instruments with this rating are considered to have very strong/strong degree of safety regarding timely servicing of financial obligations and carry lowest/low credit risk respectively.
Besides, the rating agency has also revised the rating from ‘A+’ to ‘A-’ to the Non-Convertible Debenture (NCD) issue of the company for an outstanding amount of Rs 45 crore and proposed Rs 155 crore. Facilities with this rating are considered to have adequate degree of safety for timely servicing of financial obligations and such facilities carry low 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 |
---|---|
Aptech | 232.30 |
NIIT | 104.20 |
Compucom Software | 30.04 |
Jetking Infotrain | 57.74 |
Educomp Solutions | 2.95 |
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