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ICRA reaffirms rating for Orbit Exports' Rs 5.64 crore worth proposed bank facilities

ICRA has reaffirmed 'BBB (stable)' rating assigned to Orbit Exports' Rs 13.36 crore worth Term Loan, Rs 15 crore worth Cash credit and Rs 5.64 crore worth proposed bank facilities. Further, the credit rating agency has upgraded the rating to 'A2+' for company's Rs 12.5 crore and 6 crore fun based limits, respectively.

Orbit Exports, a company registered under the Indian Companies Act, 1956, is a government recognised Star Export House engaged in the manufacture and export of fancy fabrics.

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