ICRA upgrades CMS Info Systems Ltd.
Mar 23, 2023, 12:43 IST
Mumbai, 23 March 2023: ICRA upgrades the long-term credit rating of CMS Info Systems Limited’s (CMS) from AA to AA+. This rating upgrade factors strengthening of CMS’s credit profile, as marked by steady revenue growth, improvement in profit margins, comfortable capital structure and strong liquidity position.
Commenting on the rating revision, Mr. Rajiv Kaul – Exec VC & CEO, CMS Info Systems said “The rating upgrade is a reflection of our strong business which has demonstrated resilience in volatile environments and also delivered high growth with strong profitability. Our zero-debt status and healthy internal accrual generation is a significant competitive advantage to build our leadership position and expand into adjacencies.”
Credit Strengths:
• Leading player in cash management business
• Long-term relationships with key clients
• Strong financial profile and liquidity position
• Sizeable order book provides revenue visibility in the near to medium term
Related news
More from section
Advertisement
Top Stories
US-based gastroenterologist and health educator Dr Palaniappan Manickam has stirred up conversation on social media with his latest tweet comparing Indians' frequent use of Dolo-650 to “popping Cadbury Gems.” The viral remark has sparked renewed discussion around the potential side effects of the widely used paracetamol tablet and how it should be consumed safely.
Andhra Pradesh
Telangana
Politics
Entertainment
Crime
Video
