CRISIL reaffirms Rashi Peripherals ratings at AA-/Stable and A1+
RPTECH · price
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CRISIL has reaffirmed Rashi Peripherals' credit ratings: long-term at AA- with Stable outlook and short-term at A1+. The agency noted the company's Rs 368.50 Cr acquisition of 67% stake in VDA Infosolutions, payable in cash, with plans to reach 100 percent by H1 FY29. VDA revenues are about 5 percent of group revenues. Ratings reflect RPL's strong position in IT and peripheral distribution, improving diversification, and healthy financial risk profile, partly offset by modest margins and large working capital needs.
Reaffirmation of high investment grade ratings signals strong creditworthiness and low default risk, positive for lenders and debt investors.