India Rating assigns long-term issuer rating of ‘A+’ to Rolta India

12 Jun 2013

Credit rating agency, India Rating has assigned A+ rating to Rolta India’s term loan worth Rs 857.50 crore, external commercial borrowing worth Rs 1,453.65 crore and fund-based working capital worth Rs 500 crore.

The company has received the said ratings on the back of its high-margin intellectual property (IP) led business model which focuses on providing customized IT-enabled solutions to high-growth sectors including defence and homeland security, infrastructure and the public sector.

Rolta India is a leading provider of innovative IT solutions for many vertical segments including utilities, governments, transportation, process, power, banking and insurance.

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