A1+ rating for Hughes Escorts CP

By Our Corporate Bureau | 06 Jan 2004

New Delhi: ICRA has reaffirmed the 'A1+' rating to the Rs 20-crore commercial paper (CP) programme of Hughes Escorts Communications Ltd.

The rating indicating the highest safety in the short term, takes into account the company''s dominant presence in the domestic VSAT business, proven client service record and proprietary technology.