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PSP Projects Ltd ( (IN:PSPPROJECT) ) just unveiled an update.
CARE Ratings has updated its assessment of PSP Projects Limited’s bank facilities, reaffirming the company’s long-term bank facilities rating at CARE A+ with a Stable outlook for Rs 155 crore, while revising the ratings on its larger composite facilities. The rating for Rs 1,300 crore of long-term/short-term bank facilities has been downgraded on the short-term side from CARE A1+ to CARE A1, and the standalone short-term bank facilities of Rs 92 crore have similarly been lowered from CARE A1+ to CARE A1, taking the total rated bank facilities to Rs 1,547 crore. The mix of reaffirmation and downgrades suggests that while PSP Projects continues to be viewed as having strong long-term credit quality, its short-term liquidity or risk profile is now seen as marginally weaker, which could influence the cost and terms of its working capital and project financing arrangements.
More about PSP Projects Ltd
PSP Projects Limited is an India-based construction and infrastructure company that executes projects through various long-term and short-term bank-funded facilities, indicating a capital-intensive business model reliant on institutional credit lines to support its operations and growth.
Average Trading Volume: 33,536
Technical Sentiment Signal: Buy
Current Market Cap: 34.16B INR
See more data about PSPPROJECT stock on TipRanks’ Stock Analysis page.