CARE assigns AA- rating of Raymond’s NCD

01 Mar 2014

Credit rating agency, CARE has assigned ‘AA-’ rating to Raymond's Non-Convertible Debentures worth Rs 100 crore. The rating continues 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.

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.

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Raymond Share Price

783.95 47.35 (6.43%) Jan 25, 18:01
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Peers
Company Name CMP
Raymond 783.95
Siyaram Silk Mills 433.65
Ludlow Jute &Special 108.35
KG Denim 66.10
BSL 111.10
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