Credit Rating

ABS Marine Services' long-term bank facilities rating by CRISIL Ratings has been upgraded to 'Crisil A-/Stable' from 'Crisil BBB+/Stable', while short-term facilities moved to 'Crisil A2+' from 'Crisil A2'. This upgrade reflects strong operational and financial performance, including a 31% CAGR revenue growth and improved operating margins.

The company's robust financial profile, enhanced net worth of Rs 363 Cr, and steady cash flows from long-term contracts with key clients like ONGC and Schlumberger support this positive outlook.