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Cybertech Systems and Software climbs 3% after Ind-Ra upgrades its credit ratings

The credit rating has upgraded the rating of the company from Long-Term Issuer Rating at ‘IND BBB/Stable/IND A3+’.

November 25, 2021 10:42 IST | India Infoline News Service
India Rating & Research (Fitch Group) has upgraded the rating of CyberTech Systems and Software Ltd. from Long-Term Issuer Rating at “IND BBB-/Stable/IND A3” to “IND BBB/Stable/IND A3+” as per its report received by the Company on November 23, 2021.

The rating on fund-based working capital limits Rs50 million (reduced from Rs100 million) has been upgraded by Ind-Ra to IND BBB/Stable/IND A3+ from IND BBB-/Stable/IND A3. On non-fund-based working capital limits Rs25 million (reduced from Rs30 million), the credit rating has been upgraded to IND A3+ from IND A3.

At around 10.45 am, Cybertech Systems & Software Ltd was trading at Rs161 per piece up by Rs4.65 or 2.97% from its previous closing of Rs156.35 per piece on the BSE.

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