India Ratings & Research, a Fitch group Company has affirmed national long term credit rating ‘BBB-‘ with stable outlook for Patel Integrated Logistics’ fund based borrowings & finance lease and ‘A3’ rating with stable outlook for its non fund based borrowings from the banks.
The credit rating agency has also assigned credit rating ‘tA-‘ (adequate safety) for the company’s Fixed Deposit Programme.
Patel Integrated Logistics is engaged in the business of surface cargo transportation of goods export of sea foods, leather goods, granite, garments, engineering goods, medical equipment, etc.
