Stocks

Tiger Logistics: Rating outlook downgraded

| Updated on June 12, 2019 Published on June 13, 2019

 

Shares of Tiger Logistics may remain under pressure as Care Ratings revises the company’s credit rating outlook of long-term bank facilities to negative from stable.

However, it maintained the BBB rating on long-term bank facilities (₹31 crore) and long-term/short-term facilities (₹4 crore). Meanwhile, the company has further strengthened its position in the auto sector by bagging a contract for handling export logistics from Piaggio Vehicles Private Limited.

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Published on June 13, 2019
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