Black Box Ltd.

Credit rating agency, CARE has revised rating of AGC Networks’ long term bank facilities worth Rs 151.55  crore to ‘BB’ from ‘BBB-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 38 crore to ‘A4’ from ‘A3’.The rating revision considers the continued subdued operational performance of AGC as reflected by the net losses of standalone and consolidated entity in FY16 (refers to the period April 1, 2015 to March 31, 2016) coupled with deterioration in the capital structure and debt coverage metrics of AGC. 

AGC Networks (AGC) is a Global Solutions Integrator representing the world’s best brands in Unified Communications, Network Infrastructure & Data Center, Cyber Security and Enterprise Applications & Services.