Acuite Ratings assigns improved credit ratings to Allied Digital Services’ bank facilities

The Ratings also derive strength from the healthy financial risk profile and strong operating performance supported by diverse revenue streams of ADSL and its subsidiaries Acuite Ratings & Research has assigned a long-term rating of ‘ACUITE BBB’ and a short-term rating of ‘ACUITE A3+’ to Allied Digital Services’ (ADSL) bank facilities against the earlier rating of BBB- for Long-term and A3 for Short-term facilities by Brickwork Ratings. The outlook is 'Stable'.Acuite Ratings has indicated that the improved ratings take into account the established track record of over 3 decades in the IT Industry for the Allied Group, comprising Allied Digital and its subsidiaries. The Ratings also derive strength from the healthy financial risk profile and strong operating performance supported by diverse revenue streams of ADSL and its subsidiaries. On account of healthy cash accruals with respect to the maturing debt obligations, the liquidity position is seen as adequate. Allied Digital Services (ADSL) is a leading IT infrastructure management and technical support services outsourcing company. The company provides technical support services to business-to-business, business-to-consumer, e-commerce and corporate internal environments.