CARE reaffirms rating assigned to the long term bank facilities of Nitin Spinners

Credit rating agency, CARE has reaffirmed the assigned ‘BB+’ rating to long term bank facilities of Nitin Spinners for Rs 208.54 crore. The rating agency has reaffirmed the assigned ‘A4+’ rating to long term /short term bank facilities of the company for Rs 100 crore

The rating agency has also reaffirmed the assigned‘A4+’ rating  to long term /short term bank facilities of the company for Rs 14 crore

Bhilwara-based Nitin Spinners, incorporated in 1992, is mainly engaged in the manufacturing of cotton yarn and cotton knitted fabrics.