Credit rating agency, ICRA has upgraded the long term rating from ‘BB+’ to ‘BBB-‘ for the existing line of credit of Acknit Industries and the outlook on the long term rating is Stable. The rating agency has also upgraded the short term rating from ‘A4+’ to ‘A3’ for the existing line of credit of the company. The aforesaid rating is valid till December 31, 2016.
Acknit Industries is engaged in manufacturing of industrial hand gloves, garments and safety wears. The Company's product range include: gloves, mittens and mitts knitted or crocheted; articles of apparel and clothing accessories of leather or composition of leather, and baby garments and clothing accessories.
