Rajasthan Spinning and Weaving Mills Limited (RSWML) has received the highest credit quality rating of A1+ for its Rs 20 crore commercial Paper program by the Credit rating agency, ICRA.
RSWML has been given this rating because of its firm presence in blended yarn market, volumetric rise in export market and expansions in cotton yarn manufacturing facilities.
Company's concerted effort in reducing costs, value addition in its portfolio and undertaking of long-term low-cost debt, were the other factors for getting the rating.
marketing@alchempro.com
