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.
