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CARE upgrades ratings assigned to bank facilities of Nitin Spinners

07 Jul 2014 Evaluate

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.

Nitin Spinners Share Price

419.70 9.75 (2.38%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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