ICRA revises rating of GTN Industries’ fund based facilities

06 Sep 2012

Credit rating agency, ICRA has revised rating of GTN Industries’ term loan facilities worth Rs. 115.98 and non-fund based sub limits worth Rs. 1.00 crore to D from B- .

The rating agency has also revised rating of company’s fund based facilities worth Rs. 68.54 crore and non-fund based facilities worth Rs. 25.30 crore to D from A4.

GTN Industries is having vertically integrated manufacturing set-up to produce fine and superfine cotton yarns, grey knitted fabrics, gassed fabrics, organic fabrics, mercerized fabrics and life style garments. Its Double Mercerized Cotton offers a unique One Stop Shop to those looking for an operationally strong and reliable source.

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