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Despite Covid-19, Infoparks Kerala retains CRISIL A-/Stable rating

Kochi, Sep 25 (UNI) Notwithstanding the work-from-home culture set in after the outbreak of COVID-19, Infoparks Kerala has retained A- /Stable CRISIL ratings as per the latest review. The rating continues to reflect Infoparks’ strong financial risk profile and healthy liquidity. The achievement comes amidst a slump in the state’s real-estate sector, more so in the past six months following the spread of the novel coronavirus.
Establishments depend on rating by a credible agency for enhancing their access to funding, widening range of funding alternatives, and for optimising cost of funds. The 1987-founded CRISIL, as a subsidiary of American financial information company S&P Global, provides ratings and research, besides risk and policy advisory services, a press release said here on Friday.
The latest CRISIL rating reflects the financial stability of Infoparks Kerala, according to Mr Sasi PM, Chief Executive Officer of IT Parks Kerala.
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