Sutlej Textiles and Industries announced that the credit ratings of the Company have been revised as under by CARE:
1. CARE A+; Stable (Single A Plus; Outlook : Stable) for long term fund based loans from CARE AA-; Stable (Double A Minus; Outlook : Stable);
2. CARE A+; Stable / CARE Al + (Single A Plus; Outlook : Stable / A One Plus) for fund based long term / short term cash credit / export packing credit / pre-shipment foreign currency facilities from CARE AA-; Stable / Care Al + (Double A Minus; Outlook: Stable / A One Plus); and
3. CARE Al + (A One Plus) has been reaffirmed for non-fund based short term letters of credit / bank guarantee facilities and Commercial Papers.
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