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Axiscades Technologies Limited is a technology solutions company focussing on engineering solutions and services.
AXISCADES Technologies' long-term bank facilities of ₹21 Cr are rated CARE A- (RWD), while ₹80 Cr long-term/short-term facilities are CARE A-/A2+ (RWD). CARE Ratings has placed all ratings on Rating Watch with Developing Implications due to the company's divestment of its Engineering Services business.
CARE Ratings has reaffirmed AXISCADES Technologies' credit rating for its Rs. 101 Cr bank borrowings. Long-term facilities hold 'CARE A-; Stable' and Long-term/Short-term facilities 'CARE A- / CARE A2+'. The 'Stable' outlook on the rating indicates consistent financial stability for the company.