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Shree Vasu Logistics reaffirmed by CARE with positive credit rating

CARE rated BB+ and A4+ on long term and short term bank facilities of Shree Vasu Logistics.

Company : Shree Vasu Logistics Limited

Shree Vasu Logistics received credit rating on debt instruments/ bank facilities by credit rating agency, i.e. CARE Ratings Limited (CARE) on 10th February, 2020.

Reportedly, total bank loan facilities of the company that has been rated amounts to Rs.23.31 crore.

CARE has reaffirmed credit rating assigned to Shree Vasu Logistics with rating of BB+; stable outlook for long term bank facilities which amounted to Rs.19.31 crore (enhanced from Rs.14.66 crore) and A4+ rating for short term debt instruments/bank facilities, amounted to 4.00 crore (enhanced from Rs.3 crore).

Shree Vasu Logistics Limited possess clean and temperature controlled warehouses, equipped with advanced (safety and security) equipment for complete vigilance and environment which is Hygienic for storage of goods and medicines. They are one of the largest conglomerate in CFA & LOGISTICS business in Central & Eastern India.

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