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CARE revises rating assigned to bank facilities of Alok Industries

14 Nov 2014 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised the rating assigned to the long term facilities of Alok Industries to ‘BBB-‘.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.

Peers
Company Name CMP
Vardhman Textiles 536.45
Welspun Living 235.85
Arvind 529.75
Raymond Lifestyle 626.60
K.P.R. Mill 1103.00
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