Zensar Technologies' Credit Rating Reaffirmed at [ICRA]AA+ (Stable)/[ICRA]A1+
ICRA Limited has reaffirmed Zensar Technologies Limited's credit rating for its fund-based and non-fund-based instruments at [ICRA]AA+ (Stable)/[ICRA]A1+. The total value of these instruments is ₹191.00 crore. The ratings are valid until the next surveillance, due within one year from August 31, 2026.
Credit rating reaffirmations, especially at stable outlooks, typically have a low immediate impact on the company's stock price unless there are significant changes or market expectations were different.
The reaffirmation of a credit rating is generally a neutral event, indicating stability rather than a significant positive or negative change.
Zensar Technologies Limited has been informed by ICRA Limited that its credit rating for Long Term/Short Term - Fund Based/Non-Fund Based instruments has been reaffirmed at [ICRA]AA+ (Stable)/[ICRA]A1+. The total rated amount stands at ₹191.00 crore.
The rating letter received from ICRA details the breakdown of bank limits, including those from Standard Chartered Bank (₹10.00 crore), Kotak Mahindra Bank (₹20.00 crore), Citibank (₹72.00 crore), HSBC Limited (₹40.00 crore), ICICI Bank Limited (₹25.00 crore), HDFC Bank Limited (₹20.00 crore), and proposed limits of ₹4.00 crore, all contributing to the total ₹191.00 crore.
ICRA has stated that these ratings will be due for surveillance within one year from the date of the communication, August 31, 2026. ICRA reserves the right to review or revise the ratings at any time based on new information or circumstances that could impact the ratings.
A plain-language summary of a public exchange filing by Zensar Technologies Limited. Read the original for the full detail.