The Credit Rating Information Service of India Limited (CRISIL) has awarded A+/Stable rating for the third year consecutive year to Technopark, as a recognition for maintaining proper financial progress and facilitating robust financial position. The State’s first tech park, located in the capital, first achieved A+/Stable rating in 2021, after maintaining CRISIL A/Stable for two consecutive years.
The standalone business and financial risk profiles of Technopark were considered by the rating agency CRISIL. It has been a story of improvement in rating for the park over the past decade. From D (default) rating in 2014, it moved upward to BB, then to BBB and to A/Stable during 2019 and 2020.
Colonel Sanjeev Nair (retd), chief executive officer, Technopark said that receiving this recognition again shows Technopark’s consistency in ensuring a high degree of safety regarding timely servicing of its financial obligations. He also added that receiving this appreciation again is not only a matter of pride for Technopark, but it also shows the Park’s focus on progressive projects and transparent financial transactions.
