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Loyal Textile Mills informs about revision of credit rating

09 Apr 2024 Evaluate

With reference to the E-mail dated 8th April 2024 received from National Stock Exchange (NSE) regarding clarification of revision of Credit Rating, Loyal Textile Mills has informed that, Company’s Credit Rating for Long term and Short term Bank facilities has been revised (downgraded) by the Credit Rating agency ‘CARE Ratings’, which are enclosed. The Rating Rationale provided by Credit Ratings is enclosed.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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