Credit Rating

Nitin Spinners Limited has announced that CARE Ratings Limited upgraded its long-term bank facilities credit rating from 'CARE A; Positive' to 'CARE A+; Stable'. Concurrently, the short-term bank facilities rating was reaffirmed at 'CARE A1'. This upgrade reflects the company's recent operational and financial performance for FY26. The improvement in credit rating is positive for the company's financial standing and future borrowing costs.