CRISIL assigns A-/Stable rating to Orbit Exports’ Term Loan

19 Nov 2013

CRISIL has assigned A-/Stable rating to Orbit Exports’ Term Loan worth Rs 30.78 crore and Cash Credit worth Rs 23.50 crore.  The rating agency has also assigned A2+ rating to company’s Foreign Exchange Forward worth Rs 2.55 crore and Bank Guarantee worth Rs 1.0 crore

Includes a sub limit of export packing credit / packing credit in foreign currency/ export bill discounting of Rs 21.0 crore

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.

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