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.