AGS Transact Technologies has informed that CRISIL Ratings has reaffirmed the company’s (AGS Transact) Long-Term Rating at ‘CRISIL A+’ while revising the Outlook from ‘Stable’ to ‘Negative’. The revision in outlook reflects only limited improvement in the debt protection metrics of the Company compared to expectations, with debt levels continuing to be high due to slow recovery in receivables. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the company has enclosed press release dated November 24, 2023 issued by CRISIL Ratings. The said details shall also be available on the website of the Company: www.agsindia.com.
The above information is a part of company’s filings submitted to BSE.
