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-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

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.

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Publication:M2 Banking & Credit News (BCN)
Date:Jul 15, 2011
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