Patel Integrated Logistics gets upgradation in credit ratings

From India Ratings & Research

Patel Integrated Logistics announced that India Ratings & Research (India Ratings), a Fitch group Company has upgraded credit rating for Company's fund based borrowings & finance lease to 'IND BBB' [outlook positive] from IND BBB- (outlook stable) and rating for its non fund based borrowings from the banks upgraded to 'IND A3+ [outlook positive] from IND A3 (outlook stable).

India Ratings has also affirmed credit rating 'IND tA-' (positive) for its Fixed Deposit Programme.

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