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CARE Ratings has reaffirmed the credit ratings for Polyspin Exports Ltd's bank facilities with no change in rating levels. Long Term Bank Facilities of ₹24.35 crore (up from ₹13.50 crore) retained CARE BB+; Stable outlook. Short Term Bank Facilities of ₹112.22 crore (up from ₹99.00 crore) retained CARE A4+. Combined total facilities stand at ₹136.57 crore. The reaffirmation was based on review of FY25 audited and 9MFY26 unaudited performance data.
The ratings remain unchanged at below-investment grade (BB+) for long-term and A4+ for short-term, indicating no credit deterioration. The enhanced facility limits suggest the company has expanded borrowing capacity with banker support, which is a modest positive for liquidity. However, the sub-investment grade rating still signals higher credit risk.