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CRISIL Ratings has upgraded Bhandari Hosiery Exports Limited’s long-term bank facility rating from BBB- to BBB with a stable outlook and raised the short-term rating from A3 to A3+. This reflects an improved credit profile driven by stable financial health and manageable debt levels across Rs.125.91 Cr bank facilities. The upgrade is expected to lower borrowing costs and boost investor confidence, enhancing the company’s financial flexibility for operations and growth. The stable outlook signals an expectation of steady performance without near-term rating pressure.