Datamatics Global Services Limited announced that ICRA Limited has reaffirmed its credit rating for the company’s fund-based and non-fund-based bank facilities amounting to ₹180.00 crore. The long-term rating stands at [ICRA]A+ (Stable), while the short-term rating is confirmed as [ICRA]A1+. This reaffirmation, dated March 04, 2026, reflects the stability in the company’s financial position and debt-servicing capability.
Credit Rating Reaffirmation for Datamatics
Datamatics Global Services Limited has formally notified the stock exchanges regarding the recent credit rating action taken by ICRA Limited for its outstanding banking facilities. The announcement confirms the ratings as of March 04, 2026, in compliance with regulatory obligations.
Rating Details for Bank Facilities
The total quantum of rated instruments, covering both long-term/short-term fund-based and non-fund-based limits, aggregates to ₹180.00 crore. The rating committee assigned the following status:
- Long-term Rating: [ICRA]A+ (Stable)
- Short-term Rating: [ICRA]A1+
ICRA has also stated that these ratings were reaffirmed, indicating continued confidence in the company’s credit profile. The rating letter further specifies that these assigned ratings are specifically tied to the terms of the instruments, and any future changes in size or structure would necessitate a review.
Breakdown of Rated Bank Limits
The total exposure of ₹180.00 crore is distributed across four major banking partners, with the rating assigned on February 24, 2026, based on the underlying credit quality for each line of credit:
- ICICI Bank Limited: ₹70.00 crore
- Citibank N.A.: ₹40.00 crore
- Kotak Mahindra Bank Limited: ₹20.00 crore
- HDFC Bank Limited: ₹50.00 crore
Compliance and Future Surveillance
Datamatics acknowledges the importance of maintaining regulatory disclosures. The company is obligated to inform the rating agency immediately if borrowing limits are breached or if any significant development impacts the company’s debt servicing capability. ICRA confirmed that the next mandatory surveillance review for these ratings is due within one year from the date of the communication letter.
Source: BSE
