Credit rating agency, CARE has downgraded rating of receivables assignment facility of Educomp Solutions to ‘BBB- (SO)’ from ‘A- (SO)’. The revision in the ratings of the company takes into consideration its weak financial performance of during 9MFY13 characterized by decline in the operating income and low profitability.
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.
