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.