CARE revises ratings of Educomp Solutions’ NCD issue

Credit rating agency, CARE has revised rating of Educomp Solutions’ Non-Convertible Debentures (NCD) worth Rs 200 crore from ‘C‘ to ‘D’. The revision in the rating assigned to the instrument of ESL is due to the ongoing delays in servicing of its interest obligations pertaining to NCD issue on account of the significant deterioration in its liquidity position and financial risk profile during FY13.

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.