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India Ratings and Research affirms ratings assigned to bank facilities of Vijay Textiles

08 Feb 2016 Evaluate

Credit rating agency, India Ratings and Research, a Fitch Group Company has affirmed Vijay Textiles' rating for Rs 56.77 crore fund based Working Capital limits to ‘B+/Stable’ and for Rs 1.00 crore Non-fund based working capital limited to ‘B+/ A4’ respectively.

The credit rating agency has also assigned and upgraded the company’s rating for Rs 83.58 crore Long Term Loans to ‘B+/Stable’.

Vijay Textiles manufactures and markets finished fabrics under the brand name of ‘Vijay’ throughout India.


Peers
Company Name CMP
Vardhman Textiles 563.65
Welspun Living 219.75
Arvind 564.90
Raymond Lifestyle 689.80
K.P.R. Mill 1113.20
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