ICRA assigns ratings to bank-facilities of Indo Count Industries

Credit rating agency, ICRA has pronounced ‘A’ rating for Indo Count Industries Long Term Exposures and ‘A1’ rating for company’s Short Term Exposures. This improved Credit Rating will aid the lenders in lowering their Capital Adequacy on loan exposure to the company, which in-turn will result in reduction of applicable interest rates to the company.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.