Credit rating agency, CRISIL has revised rating of Banswara Syntex’s long term bank facilities to ‘BBB+/ positive’ from ‘BBB+/Stable’. The rating agency has reaffirmed rating of company’s short term bank facilities to ‘A2’.
Banswara Syntex is a vertically integrated textile mill, manufacturing man-made synthetic blended Yarn, wool and wool mixed yarn, all type of Fabrics, Jacquard Furnishing Fabrics, besides production of Readymade Garments and Made-up's. It has also production of Technical Fabric. The Company is one of the largest single mill setup producing spun fibre-dyed yarns in Asia and 90% of the production is fibre dyed.
