BS Transcomm gets rating upgradation from CARE for bank facilities

Credit rating agency, CARE has revised rating of long term bank facilities worth Rs 172.88 crore of BS Transcomm to ‘BBB-’ from ‘BB’. The rating agency, also revised rating of short term bank facilities worth Rs 80 crore of the company to ‘A3’ from ‘A4’.

The revision in rating takes into account improved operating and financial performance of the company during FY11. The ratings continue to derive strength from the consistent improvement in profitability arising out of the change in revenue mix, the integrated business model of the company and the positive outlook on the power transmission sector, a key client segment for the company.

BS TransComm is engaged in the business of manufacturing and supply of towers to the telecommunication and the power sector in India with a pan India presence in 19 out of the 23 telecom circles. It is having eight circle offices throughout India through which it is providing service to the customers in 19 telecom circles.