ICRA assigns highest-credit-quality to BDEL

New Delhi, July 26 (UNI) Credit rating agency ICRA today assigned A1+ rating to the Rs 250 million Short-Term Debt programme of Blue Dart Express Ltd(BDEL).

The rating would factor in the company's market shares in the domestic courier business, its strong profitability and liquidity, its favourable financial profile, and its parentage.

However, there is a large shareholding of the Deutsche Post group in BDEL that imparts strength to the financial profile and support rating.

Meanwhile, the company's investments in aircraft and ground infrastructure have driven its ability to provide speedy and secure delivery of shipments.

The rating indicates the highest-credit-quality assigned by ICRA to short term debt instruments.

UNI SBA RA ND1856