India Ratings & Research, a Fitch group Company has affirmed long term credit rating of ‘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. Further, the rating agency has affirmed credit rating of ‘tA-’ (Stable) for the company’s Fixed Deposit Programme.
Patel Integrated Logistics is an India-based logistics solutions provider. The company’s segments include Surface Transportation, Co-loading of Courier and Consolidation of Cargo.
