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India Ratings downgraded Kitex Garments' long-term bank loan facilities to 'IND BBB+' from 'IND A'. The downgrade reflects subdued profitability and higher debt levels in FY26.
India Ratings and Research has downgraded Kitex Garments Limited's credit rating for bank loan facilities totaling ₹347.98 Crore. The long-term rating is now IND BBB+/Negative.