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Crisil Ratings reaffirms ratings of R Systems at 'AA-' with 'stable' outlook
R Systems International (R Systems) said that Crisil Ratings has reaffirmed its 'Crisil AA-/Stable' rating on the long-term facilities of the company.
Netweb Technologies jumps 15%, hits fresh 52-week high after rating upgrade
Netweb Technologies shares jumped over 15% to a fresh 52-week high. This rally follows a ratings upgrade by CRISIL Ratings Limited. The company's long-term rating moved to Crisil A+ Stable. CRISIL expects sustained revenue growth and steady operating margins. Efficient working capital management is also a positive factor. Netweb Technologies offers computing solutions with integrated design and manufacturing.
Explained: Why Netweb Technologies shares surged 15% today
Netweb Tech counts global technology leaders such as Nvidia, Samsung, AMD and Intel among its key partners, relationships that Crisil said provide access to technology roadmaps well ahead of market launches.