CARE upgrades ratings to Sutlej Textiles and Industries’ various instruments

31 Dec 2013

Credit rating agency, Credit Analysis & Research (CARE) has upgraded A- rating to Sutlej Textiles and Industries’ Long Term Bank Facilities (Instruments) from BBB which indicating adequate degree of safety regarding timely servicing of financial obligations and a low credit risk to these instruments.

Further, the rating agency has also upgraded A2+ rating to the company‘s Short Term Bank Facilities (Instruments) from A3+  which indicating strong degree of safety regarding timely pay went of financial obligations and a low credit risk to these instruments.

Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.

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Sutlej Textiles&Inds Share Price

44.80 0.40 (0.90%) Mar 08, 18:37
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Peers
Company Name CMP
Trident 14.29
Filatex India 69.80
Sutlej Textiles&Inds 44.80
Nahar Spinning Mills 106.35
Nahar Ind.Enterprise 50.00
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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