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As on : 27-Aug-2026
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27-Aug-2026     12:27

Kitex Garments' bank loan facilities downgraded by India Ratings and Research

Kitex Garments Ltd announced a revision to its credit ratings by India Ratings and Research Private Limited, as detailed in a press release dated August 25, 2026, impacting bank loan facilities amounting to Rs 3,479.80 million. India Ratings and Research Private Limited downgraded the rating for bank loan facilities to IND BBB+/Negative/IND A2, representing a downgrade action. The company is obligated to disclose this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and no other rating agencies were involved in this announcement regarding the bank loan facilities of Rs 3,479.80 million.

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