Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Sudar Industries’ long term bank facilities worth Rs 263.92 crore which was enhanced from Rs.109.41 crore. The rating agency has also assigned ‘A3’ rating to company’s Short-term Bank Facilities worth Rs 45.00 crore.
The ratings continue to derive strength from the promoter’s vast experience in the apparel industry, long track record of its business operations and significant growth in operations in the past.
Sudar Industries is a leading manufacturer and exporter for readymade garments specialized in elegant shirts, trousers and wide range of apparel for men, women & kids.
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