Thursday 10 April 2014

CARE reaffirms ratings of Aurionpro Solutions’ bank facilities

Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Aurionpro Solutions’ long term bank facilities worth Rs 58.00 crore which was reduced from Rs 59.66 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 50 crore. The company has received the ratings on the back of its experienced and professionally qualified promoters and management, geographically diversified revenue profile along with large and abiding customer base and comfortable capital structure.
AurionPro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.

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