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Snowman Logistics Ltd ( (IN:SNOWMAN) ) has shared an announcement.
Snowman Logistics Ltd has announced that India Ratings and Research has affirmed its credit ratings on the company’s bank loan facilities at IND A+ with a Stable outlook and IND A1 for short-term facilities. The total rated bank facilities have been reduced from INR 2,025 million to INR 1,665 million, indicating maintained lender confidence and a solid credit profile, which is relevant for the company’s financing flexibility and debt-servicing capacity.
The affirmation of Snowman’s ratings suggests that the rating agency continues to view the company’s risk profile and financial position as stable despite the reduction in overall bank limits. This confirmed rating level may support Snowman’s standing with creditors and banks, helping it to secure funding on reasonable terms and reinforcing its position in the competitive logistics and cold-chain infrastructure market.
More about Snowman Logistics Ltd
Snowman Logistics Ltd is an India-based company operating in the cold-chain and temperature-controlled logistics sector. It provides refrigerated warehousing and distribution services to industries such as food, pharmaceuticals, and other temperature-sensitive product segments across key industrial and consumption hubs in the country.
Average Trading Volume: 29,713
Technical Sentiment Signal: Sell
Current Market Cap: 6.04B INR
Find detailed analytics on SNOWMAN stock on TipRanks’ Stock Analysis page.