Dynacons Systems & Solutions Limited has informed the Exchange about Credit Rating
DSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dynacons Systems & Solutions has received credit ratings from Acuité Ratings & Research for its bank facilities. The long-term bank loan rating of ACUITE A- (Outlook: Stable) has been reaffirmed for the existing Rs. 35 crore facility and newly assigned to two additional long-term facilities of Rs. 20 crore and Rs. 30 crore. The short-term bank loan rating of ACUITE A2+ has been reaffirmed for existing facilities of Rs. 160 crore and Rs. 30 crore, and newly assigned to an additional Rs. 102 crore facility. The total rated facilities amount to Rs. 377 crore. The company has also filed an appeal with Acuité seeking an upgrade of these ratings.
Stable credit ratings with a Stable outlook suggest the company's financial health and debt-servicing capacity remain unchanged, which is neutral for shareholders. The new rating assignments on additional borrowings indicate expanded banking relationships, while the pending appeal for an upgrade could be a positive trigger if approved.