Optiemus Infracom Limited has received a credit rating upgrade from CRISIL Ratings Limited for its proposed bank loan facilities. The company, which previously held ratings from ICRA, has now secured a BBB/Stable rating for long-term facilities and an A3+ rating for short-term facilities, covering a total exposure of Rs. 50 crore.
Rating Upgrade Details
Optiemus Infracom Limited announced a shift in its rating mandate from ICRA Limited to CRISIL Ratings Limited. As part of this transition, the company has received improved credit ratings for its bank loan facilities totaling Rs. 50 crore. The new ratings include a BBB/Stable for long-term facilities and A3+ for short-term facilities.
Impact of the Transition
The latest assessment by CRISIL represents a notable upgrade compared to the company’s previous ratings of [ICRA] BBB- (Stable) and [ICRA] A3. This upward revision reflects the company’s improved credit profile and financial standing, providing a more favorable outlook for its banking operations moving forward.
Source: BSE
