Nitin Spinners Limited has informed the Exchange about Credit Rating
NITINSPIN · price
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CARE Ratings has re-affirmed Nitin Spinners' credit ratings on its bank facilities, keeping the long-term rating at CARE A (Stable) and the short-term rating at CARE A1. The total rated long-term bank facilities have been enhanced from ₹1,706.04 crore to ₹2,375.62 crore, while short-term facilities stand at ₹66.70 crore. The re-affirmation is based on the company's operational and financial performance for FY25 (audited). Major lenders include Punjab National Bank, State Bank of India, Bank of Baroda, and Union Bank of India. Total rated facilities now amount to ₹2,442.32 crore across term loans, fund-based working capital limits, and non-fund-based limits.
The unchanged rating signals stable creditworthiness and continued lender confidence in the company's financial health. The enhanced facility limit gives Nitin Spinners greater borrowing headroom for growth or working capital needs, which is mildly positive for shareholders.