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ICRA revises ratings assigned to Indo Count Industries’ bank facilities

15 Oct 2016 Evaluate

Credit rating agency, ICRA has revised rating assigned to Indo Count Industries’ long term bank facilities to ‘AA-’ from ‘A’. The credit rating agency has also revised rating assigned to company’s short term bank facilities to ‘A1+’ from ‘A1’.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.

Peers
Company Name CMP
Vardhman Textiles 577.60
Welspun Living 214.65
Arvind 552.40
Raymond Lifestyle 648.00
K.P.R. Mill 1141.30
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