Author: PLadmin

India Ratings Assigns Pristine Mega Logistics Park ‘IND A-‘; Outlook Stable

Analytical Approach: Ind-Ra has excluded short-term loans extended by Pristine Logistics & Infraprojects Private Limited (PLIPL; holds 100% stake in PMLPPL), as such loans are interest-free and do not have a repayment schedule. Ind-Ra derives strong comfort from the healthy financial flexibility of PLIPL, in which Global Infrastructure Partners India is a major shareholder. This financial flexibility has enabled PLIPL to raise funds at regular intervals and support PMLPPL’s operations.

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