eMudhra Limited has informed the Exchange about Credit Rating- Revision
EMUDHRA · price
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Awaiting price reaction for this filing.
eMudhra Limited has informed the stock exchanges that ICRA Limited has assigned a credit rating of [ICRA]A (Stable) for long-term and [ICRA]A1 for short-term on the company's Rs. 35.0 crore unallocated bank facilities. The rating has been described as 'upgraded' by the company and is marked 'Outstanding'. The rating action was taken by ICRA's Rating Committee following the announcement related to Cryptas International GmbH (a German digital identity firm that eMudhra has been acquiring). The short-term rating of A1 indicates very strong capacity to meet obligations, while the long-term A (Stable) indicates adequate safety with low credit risk.
Positive signal for shareholders — confirms eMudhra's creditworthiness remains solid (or improved) post the Cryptas International GmbH acquisition event, with no change in borrowing costs expected and continued lender confidence.