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CARE revises rating of Arvind’s long-term bank facilities

27 Feb 2017 Evaluate

Credit rating agency, CARE has revised rating of Arvind’s long-term bank facilities to ‘AA’ from ‘AA-’. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short-term bank facilities.

Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.

Peers
Company Name CMP
Vardhman Textiles 528.10
Welspun Living 226.65
Arvind 511.50
Raymond Lifestyle 574.80
K.P.R. Mill 1081.30
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