Garware Technical Fibres Limited has informed the Exchange about Credit Rating
GARFIBRES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has reaffirmed the credit ratings for Garware Technical Fibres Limited's working capital facilities worth Rs. 400 crore. The long-term rating remains at [ICRA]AA+ with a Stable outlook, while the short-term rating stays at [ICRA]A1+. Both ratings indicate very strong credit quality and capacity to meet financial commitments. The rating was previously assigned on March 31, 2026, and this review on April 2, 2026, confirms no change in the company's creditworthiness. The facilities include working capital limits from multiple banks including ICICI Bank, Bank of Baroda, HDFC Bank, and others.
The reaffirmation of high-grade ratings signals financial stability and strong debt servicing capability. Investors can view this as a positive indicator of the company's credit health with no immediate concerns.