Sutlej Textiles and Industries has informed the exchanges after market hours that CARE has upgraded its long/short-term (term loan and bank facilities) rating to CARE AA-. The rating signifies high degree of safety in respect of timely servicing of financial obligations. The rating is reflective of the company’s leading position in the niche value-added dyed yarn segment and strong operational and financial performance. Traders will keep a close tab on the stock.

Published on July 2, 2015