Bombay Dyeing gets Rs.1,850 cr extended bank credit facilities

摘要

The Bombay Dyeing and Manufacturing Company has got Rs.1,850 crore as enhanced bank credit facilities. Of this amount, long term bank credit facilities are for Rs.1,190 crore and short term bank credit facilities are for Rs660 crore. Bangalore-based Brickwork Ratings, recently has assigned BWR BBB+ with a stable outlook to long term facilities of Rs.830 crore, of term loans and Rs.360 crore of cash credit, which includes export credit as sub limits amounting to Rs.244 crore. The rating firm has also assigned BWR A3+ to short term facilities of Rs.660 crore in the form of letter of credit and bank gurantee.