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Created: 2025-06-27 11:16:24 UTC

Nitin Spinners Ltd: CARE Ratings has upgraded the credit rating outlook to "Positive" from "Stable". The long-term bank facilities are reaffirmed at CARE A, and short-term facilities at CARE A1. This indicates a positive shift in the company's creditworthiness.

- 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗮𝘁𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲:
  ▪ The rating committee of CARE Ratings Limited has reviewed the credit rating.
  ▪ Long Term Bank Facilities: CARE A; Outlook: Positive (Upgraded from Stable).
  ▪ Short Term Bank Facilities: CARE A1 (Reaffirmed).

- 𝗞𝗲𝘆 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
  ▪ The rating is based on recent developments, including operational and financial performance for FY25.
  ▪ Total Long Term Facilities: ₹2,375.62 crore.
  ▪ Total Short Term Facilities: ₹66.70 crore.

- 𝗡𝗲𝘅𝘁 𝗦𝘁𝗲𝗽𝘀: A brief write-up (press release) and rationale for the rating will be communicated separately.

- 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: The provided information is based on the official announcement and should be considered in conjunction with other relevant financial data and expert advice. 📈

📊 NITIN SPINNERS LTD | 🏷️ Credit Rating

🌐 Details:

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**Related Topics**
[rating agency](/topic/rating-agency)
[longterm](/topic/longterm)
[default risk](/topic/default-risk)

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