Garware Technical Fibres Ltd. Reaffirms Credit Ratings
Garware Technical Fibres Limited (GTFL) announced that ICRA Limited has reaffirmed the credit ratings for the company's facilities. The long-term rating remains [ICRNAA+], with a stable outlook, while the short-term rating is [ICRA]A1+.The reaffirmed ratings pertain to a total of 400 Crore Rupees in Line of Credit Working Capital Facilities.
According to ICRA, the rating(s) will be subject to surveillance within one year and ICRA reserves the right to review and revise the ratings based on new information or circumstances impacting the company.
The reaffirmation reflects ICRA’s assessment of the company's creditworthiness. The ratings are specific to the terms and conditions of the instruments, and any changes would require a review.
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