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CARE revises rating of Loyal Textile Mills’ bank facilities

31 Dec 2018 Evaluate

Credit rating agency, CARE has revised rating of Loyal Textile Mills’ bank facilities. The agency has revised long term bank facilities of the company from ‘BBB/Stable’ to ‘BBB+/Stable’ and reaffirmed the short term bank facilities as ‘A3+’.

Loyal Textile Mills provides a range of products and services to textile and apparel industries. It operates in three segments: yarn, cloth and garments.

Peers
Company Name CMP
Vardhman Textiles 509.60
Welspun Living 241.05
Arvind 493.95
Raymond Lifestyle 531.80
K.P.R. Mill 1163.65
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