Credit rating agency, CARE has revised the rating from ‘BBB+’ to ‘BBB’ for long term facilities worth Rs 30.05 crore of ABC India. The rating agency has also revised the ratings from ‘A2’ to ‘A3’ assigned to short term facilities worth Rs 17.0 crore of the company.
The revision in ratings takes into consideration the deterioration in the financial performance of the company in HIFY13 marked by lower turnover and subdued order book position.
ABC India has been a pioneer in the field of logistics since its inception, when there were hardly any other organized cargo transporters in India. Today, it is serving India and the world through a network of more than 150 locations all over the country and associates across the world.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.57 |
| TVS Supply Chain Sol | 114.53 |
| Container Corp | 500.45 |
| Delhivery | 464.10 |
| Mahindra Logistics | 432.45 |
| View more.. | |
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