CRISIL upgrades rating of Himatsingka Seide’s Long and Short Term Debt

Credit rating agency, CRISIL has upgraded the ratings assigned to Himatsingka Seide’s Long Term debt to ‘BBB/Stable’ from the existing rating ‘BBB-/Negative’. The rating agency has also revised the rating of short term debt of the company from ‘A3’ to ‘A3+’.

Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.