CARE reaffirms credit ratings for bank facilities of Arvind; Stock down 1%

6 Jan 2022 , 10:07 AM

CARE Ratings Limited has reaffirmed the ratings for the bank facilities of Arvind Limited. The rating on long-term Bank Facilities Rs1,038.48cr (Reduced from Rs1,052.19cr) has been reaffirmed at CARE AA-; Stable.

The credit rating agency also reaffirmed rating on long/short-term bank facilities Rs1,148.32cr CARE AA-; Stable/ CARE Al+. For Short-term Bank Facilities Rs766.01cr, CARE Al+ rating has been reaffirmed.

At around 10.10 am, Arvind Ltd was trading at Rs120.85 per piece down by Rs1.2 or 0.98% from its previous closing of Rs122.05 per piece on the BSE.