Snowman Logistics Limited — Credit Ratings, 09-05-2025: Credit Rating

India Ratings has upgraded Snowman Logistics Limited’s long-term bank facilities to ‘IND A+’ with a stable outlook and affirmed the short-term rating at ‘IND A1’. The upgrade follows a reduction in term loan exposure from INR 95.99 Cr to INR 62.5 Cr, along with a fresh INR 90 Cr term loan and improved fund-based working capital limits of INR 50 Cr. This reflects stronger financial health and stable liquidity, likely resulting in lower borrowing costs and enhanced investor confidence, while providing the company greater flexibility in managing its debt effectively.