CARE assigns ‘A’ rating to long-term facilities of Mercator

Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A’ rating to long-term facilities of Mercator. The rating agency has also assigned ‘A1’ rating to the short term facilities of the company.

Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.