Lagnam Spintex Limited — Credit Ratings, 13-05-2025: Credit Rating

India Ratings has upgraded Lagnam Spintex Limited’s long-term bank facility rating to IND BBB- with a Stable outlook from IND BB+, and the short-term rating to IND A3 from IND A4+, removing the prior rating watch. The upgrade reflects a stronger financial profile, highlighted by a reduction in term loan outstanding to INR 216.1 Cr and improved liquidity. This enhanced credit standing should help lower the company’s borrowing costs and boost investor confidence, offering greater financial flexibility to support operations and growth initiatives.