Printer Friendly

-CARE keeps ratings on CPs of Alok Industries at A1+/A1.

BANKING AND CREDIT NEWS-July 15, 2011--CARE keeps ratings on CPs of Alok Industries at A1+/A1(C)2011 M2 COMMUNICATIONS http://www.m2.com

15 July 2011 - Rating agency CARE yesterday reaffirmed the A1+/A1 ratings assigned to two commercial papers (CPs) of Indian textile company Alok Industries Ltd (BOM:521070).

The ratings mirror the highly-experienced promoters of the company, its vertically integrated operations and its dominant foothold in the textile market.

The ratings are further comforted by the company's healthy profitability margins and stable growth in operations.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDJuly 15, 2011>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Jul 15, 2011
Words:111
Previous Article:-ICRA axes Tubeknit Fashions ratings on limits.
Next Article:-CRISIL assigns BBB- rating to long-term bank facilities of Notandas Jewellers.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters