Intimation of Credit Rating
Price
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Awaiting price reaction for this filing.
CARE Ratings reaffirmed the credit ratings of Polyspin Exports Ltd's bank facilities but revised the outlook from Negative to Stable based on FY25 (audited) operational and financial performance. Long-term bank facilities were reduced from Rs. 26.61 crores to Rs. 13.50 crores and retain a CARE BB+ rating. Short-term bank facilities were enhanced from Rs. 94 crores to Rs. 99 crores and retain a CARE A4+ rating. Total rated facilities now stand at Rs. 112.50 crores.
The outlook upgrade from Negative to Stable is a positive signal for shareholders, indicating CARE sees reduced credit risk and improving business conditions, though the underlying BB+ rating remains in speculative grade. The near-halving of long-term borrowings combined with higher short-term limits suggests the company is reshaping its debt mix toward working capital.