R Systems International Limited has informed the Exchange about Credit Rating
RSYSTEMS · price
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Awaiting price reaction for this filing.
R Systems International Limited has received a credit rating upgrade from CRISIL Limited. The rating on the company's total long-term bank facilities of Rs. 205 crores has been upgraded from 'CRISIL A+/Stable' to 'CRISIL AA-/Stable'. Additionally, CRISIL has assigned a rating of 'CRISIL AA-/Stable' to the company's proposed issue of Non-Convertible Debentures worth Rs. 275 crores. The upgrade reflects improved creditworthiness as assessed by CRISIL.
This rating upgrade signals stronger financial health and lower credit risk, which could lower borrowing costs for the company. It also paves the way for the planned Rs. 275 crore NCD issue, potentially boosting investor confidence and supporting the stock.