Credit rating agency, CRISIL has revised upwards the credit rating of Himatsingka Seide from ‘BBB/Stable’ to ‘BBB+/Stable’ for Long Term debt and Non-Convertible Debentures (NCDs). The credit rating agency has revised the rating upwards for Short Term debt from ‘A3+’ to ‘A2’.
Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.
