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ICRA upgrades long term rating of Orbit Exports’ Line of Credit

13 Jun 2013 Evaluate

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.

Peers
Company Name CMP
Vardhman Textiles 527.15
Welspun Living 224.95
Arvind 510.45
Raymond Lifestyle 596.25
K.P.R. Mill 1053.45
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