India Ratings assigns long-term issuer rating of ‘AA-’ to Welspun India

Credit rating agency, India Ratings has assigned long-term issuer rating of ‘AA-’ with stable outlook to Welspun India. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. Its portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.