Credit rating agency, CARE has upgraded Arvind’s rating for Long-Term Bank Facilities from ‘A+’ to ‘AA-’. Further, CARE has reaffirmed ‘A1+’ rating to company’s Short-Term Bank Facilities.
Arvind is engaged in manufacturing, selling and exporting textiles and garments. It manufactures cotton shirting, denim, knits and bottom weights (Khakis) fabrics and jeans and shirts garments under brands name like Arrow, US Polo, Izod, Elle, Cherokee etc. The firm also operates apparel value retail stores Megamart and specialty retail stores under brand Debanhams and Next. It also has the presence in Telecom sector.
