India Ratings & Research news and archive

India Ratings upgrades RSWM's long-term credit outlook to stable

Indian textile manufacturer RSWM, the flagship company of LNJ Bhilwara Group, has secured a revised long-term credit rating outlook, signaling improved financial stability following a challenging two-year period. India Ratings and Research (Ind-Ra) upgraded the outlook for the company from negative to stable, while simultaneously affirming its...

Apparel

Garment exports rises due to currency competitiveness

A study by India Ratings & Research has revealed, India’s garment exports are growing at a robust pace on the back of good demand in overseas markets leading to a re-rating of the sector. The agency expects the financial metrics of garment manufacturers to improve during 2013-14, which could be one of the key drivers for positive ratings. India...