ICRA has upgraded Orbit Exports’ Long Term Rating of enhancement of Line(s) of Credit (LOC) from Rs 40 crore to Rs 45 crore. The rating agency has upgraded Long Term Rating of the said LOC from BBB to BBB+.
Similarly, the rating agency has also upgraded Short Term Rating assigned to the captioned LOC from A2 to A2+.
Orbit Exports, a company registered under the Indian Companies Act, 1956, is a government recognized Star Export House engaged in the manufacture and export of fancy fabrics.