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Brickwork revises rating outlook to 'Stable' on Nitin Spinners' bank facilities

Long term bank loan facilities has been reaffirmed to BWR A/Stable while short term rating has been reaffirmed to BWR A1.

August 18, 2021 4:23 IST | India Infoline News Service
Nitin Spinners has informed that Brickworks Ratings has reaffirmed credit ratings with change in outlook to the bank facilities of the compay aggregating Rs1188.21cr.

Long term bank loan facilities has been reaffirmed to BWR A/Stable while short term rating has been reaffirmed to BWR A1.

According to the regulatory filing, the Ratings are valid for twelve months from this reaffirmation date and subject to terms and conditions as per mandate dated 26 Jun 2021.

Nitin Spinners ended at Rs217 per piece up by Rs5.4 or 2.55% on the BSE.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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