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CARE reaffirms ratings of Welspun India’s bank facilities

08 Dec 2016 Evaluate

Credit rating agency, CARE has reaffirmed ‘AA-‘rating assigned to Welspun India’s long term bank facilities and ‘A1+’ rating for short-term bank facilities. Rating agency also reaffirmed Commercial paper rating of the company to ‘A1+’.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Peers
Company Name CMP
Vardhman Textiles 561.95
Welspun Living 223.70
Arvind 548.00
Raymond Lifestyle 677.40
K.P.R. Mill 1136.75
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