Hexaware Tech revenues to grow at 12-14% next fiscal: Fitch

Hexaware Tech revenues to grow at 12-14% next fiscal: Fitch

The agency has assigned Hexaware Technologies long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-'.

AgenciesUpdated: Monday, January 17, 2022, 05:22 PM IST
article-image
Fitch said it expects Hexaware to keep the minimal gross debt and a net cash position. |

Fitch Ratings has projected Hexaware Technologies' revenues to grow at 12-14 per cent in the next fiscal.

The agency said that the company has a ''positive'' credit outlook.

The agency has assigned Hexaware Technologies long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-'.'BB' ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.

Fitch said it expects Hexaware to keep the minimal gross debt and a net cash position.

Fitch stated that it rates Hexaware based on the consolidated group profile of CA Magnum Holdings (BB-/Positive), Hexaware's 96 per cent parent.

(With inputs from PTI)

RECENT STORIES

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing