CARE assigns BBB+ rating to Firstsource Solutions’ long-term bank facilities

CARE Ratings has assigned a CARE BBB+ rating to Firstsource Solutions’ long-term bank facilities. Instruments with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations and carry moderate credit risk.

July 04, 2013 / 14:54 IST

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Firstsource Solutions Ltd has informed BSE about the assignment of credit rating to the Company by CARE Ratings.CARE Ratings has assigned a 'CARE BBB+' (Triple B Plus) rating to Company's long-term bank facilities. Instruments with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations and carry moderate credit risk.CARE Ratings has also assigned a 'CARE A3+' (A3 Plus) rating to the Company s short-term bank facilities.Source : BSE

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first published: Jul 4, 2013 02:54 pm

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