ICRA reaffirms Deepak Spinners ratings, outlook moves to Stable
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICRA reaffirmed Deepak Spinners credit ratings for Rs 79.10 crore of bank facilities with SBI. Long-term rating held at A- and short-term at A2+. Outlook on long-term facilities revised from Negative to Stable, signaling improved lender confidence.
Positive credit signal. Improved outlook may ease borrowing terms and support lender confidence in the company.