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CRISIL upgrades rating assigned to Century Textiles’ long-term bank loan facilities

13 Apr 2018 Evaluate

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.

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