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.