CRISIL has revised the outlook on Firstsource Solutions’ long-term bank facilities to ‘Positive’ from ‘Stable’ while reaffirming the rating at ‘Crisil A+’. The rating revision reflects CRISIL’s expectation of continued improvement in Firstsource’s business risk profile. The short-term rating has been reaffirmed at ‘Crisil A1’. The total bank loan facilities rated are Rs. 470 Crore.
Long-Term Rating Outlook Improved
Firstsource Solutions announced that CRISIL Ratings has revised the outlook on its long-term bank facilities from ‘Stable’ to ‘Positive’. The long-term rating stands reaffirmed at ‘Crisil A+’. This revision signifies CRISIL’s confidence in Firstsource’s strengthening business prospects.
Short-Term Rating Reaffirmed
The short-term rating for Firstsource Solutions has been reaffirmed at ‘Crisil A1’. This rating reflects the company’s ability to meet its short-term financial obligations. The total bank loan facilities rated amount to Rs. 470 Crore.
Source: BSE