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Salasar Techno Engineering’s Credit Rating Revised to Stable

Story Highlights
  • Salasar Techno Engineering Ltd. specializes in infrastructure development products.
  • The company’s credit ratings have been revised to a stable outlook, enhancing its financial credibility.
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Salasar Techno Engineering’s Credit Rating Revised to Stable

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The latest update is out from Salasar Techno Engineering Ltd. ( (IN:SALASAR) ).

Salasar Techno Engineering Ltd. announced a revision in its credit ratings by Infomerics Valuation and Ratings Ltd. The company’s long-term bank facilities have been rated ‘IVR A/Stable’, while the short-term facilities have been affirmed at ‘IVR A1’. This revision reflects a stable outlook for the company’s financial health, removing the previous rating watch with developing implications. The updated ratings suggest a positive impact on the company’s operational credibility and may enhance its attractiveness to investors and stakeholders.

More about Salasar Techno Engineering Ltd.

Salasar Techno Engineering Ltd. operates in the engineering industry, providing a range of services and products primarily focused on infrastructure development. The company is known for its expertise in manufacturing and supplying telecom towers, transmission lines, and solar mounting structures, catering to various sectors including telecommunications and energy.

Average Trading Volume: 2,429,958

Technical Sentiment Signal: Sell

Current Market Cap: 15.33B INR

Learn more about SALASAR stock on TipRanks’ Stock Analysis page.

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