Polyspin Exports Limited Receives Credit Rating Reaffirmation
Polyspin Exports Limited, a 100% Export Oriented Unit (EOU), announced the reaffirmation of its credit ratings by CARE Ratings Limited on April 2, 2026. The ratings reflect the company’s operational and financial performance for the fiscal year ending March 31, 2025, and the nine-month period ending December 31, 2025.CARE Ratings reaffirmed the ratings for the company’s long-term and short-term bank facilities. The long-term facilities have been reaffirmed at CARE BB+; Stable, while the short-term facilities maintain a rating of CARE A4+. The amount of the long-term bank facilities has been enhanced from ₹13.50 crore to ₹24.35 crore, and the short-term bank facilities have been enhanced from ₹99.00 crore to ₹112.22 crore.
Here's a summary of the reaffirmed ratings:
| Facilities | Amount (₹ crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 24.35 | CARE BB+; Stable | Reaffirmed |
| Short Term Bank Facilities | 112.22 | CARE A4+ | Reaffirmed |
| Total | 136.57 |
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