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Moody’s downgrades Core Education’s rating to ‘B2’

12 Mar 2013 Evaluate

Global rating agency Moody’s has downgraded Core Education & Technologies rating from ‘B1’ to ‘B2’ with negative outlook. The downgrade reflects concerns over company’s ability to access capital consistently due to volatility in share price and the sale of the promoter’s pledged shares.

Volatility in the company's share price was precipitated by margin calls on some investors' accounts which then required the sale of shares.

CORE Education & Technologies operate in three segments; Education, Enterprise Resource Planning (ERP) and consulting and logistics.

Peers
Company Name CMP
TCS 2079.30
Infosys 1035.00
HCL Technologies 1246.00
Wipro 159.50
Tech Mahindra 1539.00
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