Brickwork reaffirms credit rating for bank loan facilities of Aarvee Denims & Exports

The long-term rating on fund-based working capital has been reaffirmed at BWR B +/ Stable.

Aug 26, 2021 03:08 IST India Infoline News Service

Brickwork Ratings India Private Limited has reaffirmed ratings for Bank Loan facilities of Aarvee Denims & Exports Limited aggregating Rs352cr. The long-term rating on fund-based working capital Rs309cr has been reaffirmed at BWR B +/ Stable. On the NF Based Working Capital Rs43cr Short Term rating of BWR A4 was reaffirmed. 

Towards close of trade on Thursday, Aarvee Denims & Exports Ltd was trading at Rs18.40 per piece down by Rs0.9 or 4.66% from its previous closing of Rs19.30 per piece on the BSE.
The scrip opened at Rs19.30 and has touched a high and low of Rs19.50 and Rs18.40 respectively.

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