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HFCL Receives Stable Credit Ratings from CARE

Himachal Futuristic Communications Limited (HFCL) has been rated ‘A’ by Credit Analysis and Research Ltd. (CARE) for long-term bank facilities and ‘A1’ on short-term basis.

Aforementioned ratings from CARE specify adequate degree of safety regarding completion of financial obligations. These credit ratings carry low credit risk. Short-term credit ratings are accountable for a time period of one year or less, while long-term credit ratings consider a time period of more than one year.

HFCL’s Compounded Annual Growth Rate (CAGR) for sales and profit, for the last 5 years, was 8% and 12% respectively. The company’s total debt-to-equity ratio stands at 0.245 in March 2023.