News Stocks ICRA Reaffirms Datamatics Global Services' Credit Rating at [ICRA]A+ (Stable)/[ICRA]A1+ICRA Reaffirms Datamatics Global Services' Credit Rating at [ICRA]A+ (Stable)/[ICRA]A1+
ICRA Limited has reaffirmed Datamatics Global Services Limited's credit rating at [ICRA]A+ (Stable)/[ICRA]A1+ for fund-based and non-fund based banking facilities worth Rs. 180.00 crore. The facilities are distributed across four major banks - ICICI Bank (Rs. 70.00 crore), HDFC Bank (Rs. 50.00 crore), Citibank N.A. (Rs. 40.00 crore), and Kotak Mahindra Bank (Rs. 20.00 crore). The rating reaffirmation, communicated on March 04, 2026, demonstrates the company's stable creditworthiness and ability to service its debt obligations across diversified banking relationships.
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Datamatics Global Services Limited has received a credit rating reaffirmation from ICRA Limited, maintaining its strong financial standing in the market. The rating agency has reaffirmed the company's credit rating at [ICRA]A+ (Stable)/[ICRA]A1+ for its comprehensive banking facilities.
Credit Rating Details
ICRA Limited has reaffirmed the credit rating for Datamatics Global Services' long-term and short-term fund-based and non-fund based limits. The rating action covers the company's entire banking facility portfolio:
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long-term/Short-term Fund-based/Non-fund based limits | 180.00 | [ICRA]A+ (Stable)/[ICRA]A1+; reaffirmed |
| Total | 180.00 |
Banking Partner Distribution
The rated facilities are distributed across four major banking institutions, demonstrating the company's diversified banking relationships:
| Bank | Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| ICICI Bank Limited | 70.00 | [ICRA]A+ (Stable)/[ICRA]A1+ | February 24, 2026 |
| Citibank N.A. | 40.00 | [ICRA]A+ (Stable)/[ICRA]A1+ | February 24, 2026 |
| HDFC Bank Limited | 50.00 | [ICRA]A+ (Stable)/[ICRA]A1+ | February 24, 2026 |
| Kotak Mahindra Bank Limited | 20.00 | [ICRA]A+ (Stable)/[ICRA]A1+ | February 24, 2026 |
| Total | 180.00 |
Rating Timeline and Surveillance
The credit rating reaffirmation was communicated on March 04, 2026, with the original rating having been assigned on February 24, 2026. ICRA has indicated that the rating will become due for surveillance within one year from the date of the rating communication letter.
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly informing both BSE Limited and National Stock Exchange of India Limited about the credit rating reaffirmation. The communication was signed by Divya Kumat, President, Chief Legal Officer & Company Secretary, ensuring proper corporate governance protocols were followed.
The reaffirmation of the [ICRA]A+ (Stable)/[ICRA]A1+ rating reflects the company's continued financial stability and creditworthiness across its banking relationships, providing confidence to lenders and investors about the company's debt servicing capabilities.
Historical Stock Returns for Datamatics Global Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.07% | -15.16% | +1.60% | -28.99% | +25.12% | +535.28% |
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