CL Educate receives first-time ICRA credit rating; concerns over debt servicing may ease

In a notable positive development, CL Educate (BSE: 540403 | NSE: CLEDUCATE), has received an [ICRA] BBB (Stable) issuer rating from ICRA Limited. The rating has also been assigned to its wholly-owned subsidiary, DEXIT Global Ltd. This development is significant because investors had expressed concerns earlier this year regarding the…

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