Mumbai, March 24 Integrated agri value chain firm Prime Fresh Ltd (PFL) said on Tuesday that Crisil has upgraded its credit profile, assigning a 'BBB (stable)' rating to its Rs 100 crore debt.
This highlights the company's strengthened borrowing capacity and its enhanced ability to service debt, reflecting its robust financial evolution and growing resilience, PFL said in a statement.
Earlier, the company held a BBB rating for Rs 10 crore of debt, and now it has successfully maintained the same rating even at a higher borrowing level of Rs 100 crore, reflecting a marked improvement in financial strength and credibility, and an exceptionally positive development with a strong signal of progress, the company added.
PFL, which is strengthening its presence in high-potential regions such as Uttar Pradesh, Bihar, Odisha, and the Northeast, while deepening its presence in southern markets, is currently operating across 19 states and managing 76 Stock Keeping Units (SKUs).