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.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
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