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CARE upgrades rating of Indo Count Industries’ long term bank facilities

18 Aug 2017 Evaluate

Credit rating agency, CARE has upgraded rating of Indo Count Industries’ long term bank facilities to ‘AA’ with Stable Outlook from ‘AA-’. The rating agency has also reaffirmed credit rating of ‘A1+’ for short-term bank facilities of the company.

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 500.35
Welspun Living 209.75
Arvind 481.05
Raymond Lifestyle 510.95
K.P.R. Mill 1024.80
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