Islamabad: PACRA, a key player in credit ratings within Pakistan, has reaffirmed its confidence in Secure Logistics Group Limited (SLG) by maintaining its entity ratings, reflecting the company's stable outlook and continuous strategic growth. On October 14, 2024, the agency reiterated its A+ and A1 ratings for long-term and short-term debts respectively, acknowledging SLG’s achievements and ongoing initiatives.

According to information available from the Pakistan Stock Exchange (PSX), Secure Logistics Group Limited continues to leverage its synergistic business lines encompassing Logistics, Asset Tracking, and Security Services, enhancing its operational capabilities. In FY24, SLG has notably achieved significant milestones including substantial deleveraging through repayment of debt and upgrading its fleet. The company has capitalized on the TIR (Transports Internationaux Routiers) license to bolster its regional operations.

Recent strategic IT investments and participation in the upcoming IPO of its subsidiary through Merga Trax Online Pvt. Ltd. have been highlighted as pivotal moves, underlining the company's robust management structure and forward-thinking strategies. These steps are perceived as instrumental in SLG's efforts to optimize their service delivery in line with the escalating demands of the logistics and transportation sector.

The ratings are underpinned by the company's improved financial profile, robust business strategies, and successful integration of innovative solutions into its operations. PACRA’s report emphasizes the importance of SLG’s strategic initiatives in maintaining liquidity and financial discipline, which are crucial for sustaining growth and operational efficiency.