Maharashtra Seamless has received revision in credit ratings from ICRA as under: 1) Upgraded the long term credit rating to [ICRA] AA from [ICRA] AA-
2)Reaffirmed the short-term rating at [ICRA] A1+
3) Given a Stable outlook on long term credit rating
The long-term rating upgrade factors in the Companys stellar performance in FY2022 undeterred by 2 waves of COVID-19 coupled with an improvement in its liquidity position. The rating upgrade also factors in the Companys reduced focus on non-core businesses and deleveraging guidance. The ratings assigned indicate high degree of safety regarding timely servicing of financial obligations and very low credit risk. Powered by Capital Market – Live News
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