Globe Civil Projects Limited – Credit Rating Update

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Mumbai (Maharashtra) [India], November 4: Infomerics Valuation and Ratings Pvt. Ltd. has revised the outlook of Globe Civil Projects Limited’s long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed

The revision reflects the company’s strengthened capital structure post its ₹119 crore IPO, improved profitability, and a robust order book of ₹1,001 crore, providing healthy revenue…



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Globe Civil Projects Limited – Credit Rating Update


Mumbai (Maharashtra) [India], November 4: Infomerics Valuation and Ratings Pvt. Ltd. has revised the outlook of Globe Civil Projects Limited’s long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed

The revision reflects the company’s strengthened capital structure post its ₹119 crore IPO, improved profitability, and a robust order book of ₹1,001 crore, providing healthy revenue…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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