CARE upgrades rating assigned to bank facilities of Raymond

Credit rating agency, Credit Analysis & Research (CARE) has improved the rating from ‘AA-‘ to ‘AA’ assigned for the Non-Convertible Debentures (NCD's), Series (A, C, D, E & F) issued by Raymond.

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world, with a capacity of producing 38 million meters of wool & wool-blended fabrics.