Pace Digitek Limited has informed the Exchange about Credit Rating
PACEDIGITK · price
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Crisil Ratings has reaffirmed Pace Digitek Limited's credit rating as Crisil A-/Stable for long-term and Crisil A2+ for short-term facilities. The total bank loan facilities rated have been enhanced from Rs.1000 Crore to Rs.1400 Crore. The bank facilities include Bank Guarantees (Rs.577.29 Crore), Cash Credit (Rs.105 Crore), Letter of Credit (Rs.25 Crore), Proposed Working Capital Facilities (Rs.660.38 Crore), and Term Loan (Rs.32.33 Crore). The reaffirmation indicates stable creditworthiness and timely payment capability.
Positive for shareholders - the reaffirmed investment-grade ratings and increased borrowing capacity suggest the company maintains solid financial health and is expanding its operations.