Nitin Spinners Limited — Credit Ratings, 27-06-2025: Credit Rating- Revision

CARE Ratings has reaffirmed Nitin Spinners Limited’s long-term bank facilities at CARE A, upgrading the outlook from Stable to Positive. This improvement reflects the company’s strengthened operational and financial performance in FY25, enhancing its credit profile. The short-term facilities continue to hold a CARE A1 rating. With total rated facilities amounting to ₹2,442.32 crore, the positive outlook signals expected sustained financial discipline and business stability. This upgrade is likely to improve Nitin Spinners’ borrowing costs and bolster investor confidence, providing greater strategic flexibility in its financing.