Neptunus retains the BBB stable credit rating – The COVID-19 pandemic has weakened the economy and MSME sector in particular. Neptunus Power Plant Services has however stood out and successfully retained its BBB stable credit rating in the latest assessment. The renowned credit rating agency ICRA has stated in its report, “the Stable outlook on the [ICRA]BBB rating reflects ICRA’s opinion that NPPSPL will continue to maintain its market position due to established relations with global equipment and technology providers and its long-term association with certain customers.” Key factors that helped Neptunus in retaining the rating include;
- Established track record & high technical expertise in providing engine management services to the marine industry and offshore segment
- Established relationships and collaboration with reputed global technology companies
- Sound financial data