With CRISIL A-stable Rating, Infopark Wins Hat-trick

KOCHI:
Infopark won ‘A-Stable’, by rating agency CRISIL for the third consecutive year in recognition of its excellent financial performance backed by efficient debt management and financial support from the state government.

This time, CRISIL based its agency rating on the assessment of financial risks and consolidated business nature. A good support from the state government was cited as the main reason for Infopark’s achievement.

Infopark CEO Susanth Kurunthil described the CRISIL rating as a “testament to our steady progress despite a challenging global geopolitical environment”. “Beyond being a building provider, Infopark is striving to build a world-class IT ecosystem,” he said. “The achievement in the CRISIL rating will fuel it.”

CRISIL is a rating agency that examines the financial performance and banking potential of various companies and institutions in the country. Established in 1987, the agency’s reports are helpful for banking purposes and matters including foreign loans.