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Arvind Ltd. — Regulatory Filings 2019
Aug 27, 2019
59174_rns_2019-08-27_49cbb158-66a7-4d97-8a64-1991f63996e0.pdf
Regulatory Filings
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| NameoftheCompany | Arvind Limited |
|---|---|
| Credit Rating Agency | ICRALimited |
| Dateofreceipt of the letter | 26.08.2019 |
| Instrument | Commercial Paper |
| Existing Rating | [ICRA]A1+ |
| Revised Rating | [ICRA]A1 |
| Reason | ICRAhascontinuedtoconsider combined resultsofArvind Limited(AL)and Arvind FashionsLtd(AFL)asALhad given guaranteesfortheborrowingofAFLand itssubsidiaries priortodemerger. Sincetheguarantees arenowwit hdrawn,thecompany will informtheratingagency accordingly. |
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