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ICRA reaffirms rating of Nahar Industrial Enterprises

15 Sep 2017 Evaluate

Credit rating agency, ICRA has reaffirmed the long term rating of Nahar Industrial Enterprises for the captioned Line of Credit (LOC) at ‘A’. The outlook on long term rating is 'Stable'. The Rating Committee of ICRA has also reaffirmed the short-term rating of the company for the captioned LOC at ‘A1’.

Nahar Industrial Enterprises (NIEL) is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit with 2500 TCD per day.

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