Credit rating agency, CARE has assigned ‘AA-’ rating to Raymond's Non-Convertible Debentures worth Rs 65 crore. The ratings continue to draw strength from the resourceful and experienced promoter group and management, dominant position of the company in the worsted suiting fabrics industry, diversified revenue stream supported by the established brands and integration in the operations. The ratings also draw comfort from the widespread distribution network supplemented by asset-light retail strategy. Consistently maintained sizeable liquid investments and strong fixed asset base of the company add further strength to the ratings.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world, with a capacity of producing 31 million meters of wool & wool-blended fabrics.