Credit rating agency, ICRA has assigned ‘AA’ rating to Rs 332.20 crore proposed long-term debenture programme of Blue Dart Express (BDEL). Moreover, the rating agency has ratings outstanding of ‘AA’ and ‘A1+’ on the Rs 30.00 crore fund based limits and Rs 6.15 crore non-fund based limits of the company, respectively. Further, ICRA has a rating outstanding of ‘A1+’ on the Rs 25.00 crore short-term debt programme (commercial paper programme) of the company. The outlook on the long-term rating is ‘Stable’.
The assigned rating factors in the company’s strengthening leadership position in the domestic air express segment while having premium pricing power; rapidly expanding ground express segment; strong control over operations supported by dedicated infrastructure facilities at airports and state-of-the-art technology backbone ensuring high service standards, and comfortable financial risk profile.
Blue Dart Express is one of the leading logistics company in the world. Blue Dart Express is South Asia's premier courier, and integrated express package Distribution Company. Blue Dart has warehouses spread across 50 locations in India. It also owns bonded warehouses located at 7 major metros of Ahmedabad, Bangalore, Chennai, Delhi, Mumbai, Kolkata and Hyderabad.
Company Name | CMP |
---|---|
Delhivery | 349.40 |
Blue Dart Express | 7168.15 |
VL E-Governance & IT | 155.05 |
Corporate Courier | 2.98 |
Skypak Service Spec. | |
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