Amber Enterprises India announced that ICRA has assigned a
long-term rating of [ICRA]AA- (pronounced ICRA double A minus) (Rating) to Amber Enterprises India (Amber). The Outlook on the long-term rating is Stable.
It reflects ICRA's expectation that despite the adverse impact of Covid-19 in the near-term, Amber is expected to maintain a strong credit profile, supported by its resilient business profile, low external borrowings, comfortable capital structure and healthy liquidity position.
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