Credit rating agency, CARE has revised rating of Nitin Spinners’ Long-term Bank Facilities from BBB to BBB+ and Short-term Bank Facilities from A3+ to A2+. The rating agency has also revised rating of company’s Long-term/Short-term Bank Facilities from BBB/A3+ to BBB+/A2+.
Nitin Spinners is engaged in the manufacturing of cotton yarn and cotton knitted fabrics used in the hosiery segment.