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ICRA upgrades bank loan rating of Sportking India for long term debts to ‘BBB+’

13 Jun 2017 Evaluate

Credit Rating agency, ICRA has upgraded the bank loan rating of the Sportking India for the long term debts from ‘BBB’ to ‘BBB+’. Further, the bank loan rating of the company for the short term debts has been reaffirmed at ‘A3+’.

Sportking India started the first unit in 1977 in the name of spot king knitwears with the manufacturing of hosiery knitwear readymade garments.

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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