Mumbai, Aug. 21 -- The agency has also affirmed SKM Egg Products' short-term rating at 'CARE A2+'.

Care Ratings stated that the Ratings assigned to bank facilities of SKM Egg Products Export India (SKML) continue to derive strength from its long operational track record for over three decades in the egg powder business, dominant position in export of egg powder from India, integrated nature of operations and diversified product offerings with a well-established distribution network.

The ratings also factor in comfortable capital structure, comfortable coverage indicators and strong liquidity position. However, ratings are constrained by SKML's geographical and client concentration risk and execution risks associated with its large debt ...