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CARE Ratings affirmed Riba Textiles' Long Term Bank Facilities at Rs. 29 crore, Short Term at Rs. 5.50 crore
(21 Aug 2026, 12:15)
Riba Textiles Ltd. announced updated external credit rating information, revealing that CARE Ratings Limited has assigned a CARE A rating to its Short Term Bank Facilities amounting to Rs. 5.50 crore, reaffirmed its Long Term Bank Facilities rating of CARE BBB; Stable for Rs. 29.00 crore, and maintained the CARE A; Stable rating for Bank Loan Facilities totaling Rs. 50 crore, noting that an upgrade was considered but not implemented; additionally, CARE Ratings indicated an expectation of benefit from experience and clientele, alongside detailed descriptions of key rating drivers and exposure to foreign exchange fluctuation risk, while also disclosing an adequate liquidity position of Rs. 4.15 crore as of March 31, 2026, expected gross cash accruals of Rs. 13-14 crore for FY27, and debt repayment obligations of Rs. 8.00 crore, alongside initial ratings for Term Loan - LT (Rs. 2550, BBB; Stable), Working Capital - ST (Rs. 63.00, A3+), Non-fund-based - Derivative (Rs. 5.50, A3+), Fund-based - LT (Rs. 5055, BBB), Fund-based - LT/ST - Working Capital (Rs. 63.00, A3+), Rundbased- LT (Rs. 2550, BBB; Stable), and Non-fund-based - LT/ ST-Derivative (Rs. 5.50, A3+), with no specific rating details provided for the Equity submission.
 
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