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The latest announcement is out from AB Cotspin India Ltd. ( (IN:ABCOTS) ).
A B Cotspin India Limited has received an updated credit rating from Infomerics Valuation and Rating Pvt Ltd, which has reaffirmed the company’s long-term bank facilities of Rs 93.68 crore at IVR BBB with a Stable outlook and its short-term bank facilities of Rs 14 crore at IVR A3+. The ratings, covering total bank facilities of Rs 107.68 crore, have been removed from the earlier ‘Rating Watch with Developing Implication’ status and reaffirmed following the company’s decision to defer its capacity expansion plan in response to uncertainty around US tariffs and a review of its FY2025 audited financial performance, indicating a more settled risk profile for lenders and investors despite a cautious operating environment.
More about AB Cotspin India Ltd.
A B Cotspin India Limited is a Punjab-based textile company engaged in the spinning and related cotton products business, operating through a mix of long-term and short-term bank facilities to support its manufacturing and working capital requirements. The company is listed on both the National Stock Exchange of India and BSE, reflecting its access to capital markets and reliance on rated bank borrowings for its growth and operations.
Average Trading Volume: 1,479
Current Market Cap: 9.09B INR
See more insights into ABCOTS stock on TipRanks’ Stock Analysis page.