Credit Analysis and Research (CARE) has upgraded the rating of Nitin Spinners on the basis of financial performance for the FY 2013-14. The credit rating agency has revised the long-term bank facilities from ‘BBB-’ to ‘BBB’.
It has also revised the short -term bank facilities from ‘A3’ to ‘A3+’ while the long-term/short -term bank facilities of the company has been revised from ‘BBB-/A3’ to ‘BBB/A3+’.
Nitin Spinners has grown into one of the largest producers of 100% cotton yarn and fabrics in India. It possesses one of the best pool of skilled workforce in the textile Industry.
