Sangam (India) gets IND A rating upgrade on ₹2,770 crore bank loans
- Credit rating
- Textiles - Synthetic
Sangam (India) (NSE: SANGAMIND) has had its bank loan facilities upgraded by India Ratings and Research to 'IND A' from 'IND A-', with the long-term rating now Stable, it said in a filing on 24 Oct 2026. The agency also assigned 'IND A/Stable/IND A1' to further bank loan facilities, and the rating actions cover ₹2,770 crore in total.
Key highlights
- Bank loan facilities upgraded: ₹1,765 crore to IND A/Stable/IND A1
- Bank loan facilities newly assigned: ₹1,005 crore at IND A/Stable/IND A1
- Total covered by rating actions: ₹2,770 crore
- Net leverage including LC acceptances: 3.04x in 1QFY27, annualised
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