Integrated agri value chain firm Prime Fresh Ltd (PFL) announced on Tuesday that Crisil has upgraded its credit profile, assigning a 'BBB (stable)' rating to its ₹100 crore debt. According to reports from PTI, this represents a significant improvement from the company's previous rating for ₹10 crore of debt. The upgrade underscores PFL's strengthened borrowing capacity and enhanced ability to service debt, reflecting its robust financial evolution and growing resilience.
As reported by PTI, the company successfully maintained the same BBB rating even at a higher borrowing level of ₹100 crore, demonstrating marked improvement in financial strength and credibility. PFL emphasized that this represents an exceptionally positive development with a strong signal of progress, highlighting the company's enhanced financial position and market confidence.
According to the company statement, Prime Fresh Ltd is strengthening its footprint in high-potential regions such as Uttar Pradesh, Bihar, Odisha, and the Northeast, while deepening its presence in southern markets. The company is currently operating across 19 states and managing 76 Stock Keeping Units (SKUs). This expansion strategy reflects the company's growth trajectory and market diversification efforts.
