The credit rating agency, CRISIL has upgraded rating assigned to Century Textiles & Industries’ long-term bank loan facilities to ‘AA’ from ‘AA-’. The rating agency has also reaffirmed ‘A1+’ rating assigned to the company’s short term bank loan facilities. Total bank loan facilities rated are worth Rs 6148.3 crore.
Century Textiles & Industries has a wide portfolio that includes the manufacture of yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.
