CARE Ratings Limited has reaffirmed credit ratings “CARE A- (stable outlook) / CARE A2+” on Long term/ Short term Bank Facilities of Arvind Fashions Limited.

Rating agency took note of recovery in Company’s operational performance during Q3 FY22 resulting in improvement in PBILDT margins and registering net profit after many quarters of losses along with improvement in debt coverage indicators on the back of reasons mentioned above and significant reduction in debt.

Care reaffirms credit ratings “CARE A- (stable outlook) / CARE A2+”