Credit rating agency, CARE has reaffirmed the assigned ‘A1+’ rating to the Commercial Paper (carved out) issue of Century Textiles & Industries for Rs 550.00 crore. The agency has also reaffirmed the assigned ‘A1+’ rating to the Commercial Paper (standalone) issue of the company for Rs 500.00 crore.
The company’s ability to successfully complete its ongoing capex, optimise its debt profile along with sustainability of profitability margins amidst challenging operating environment and rising input costs remains key rating sensitivities.
Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.
