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Nahar Spinning Mills receives revision in credit ratings from CRISIL

Capital Market 

Nahar Spinning Mills announced that CRISIL has upgraded the ratings outlook on the long term bank facilities to CRISIL A/Stable from CRISIL A-/Stable and on the short term bank facilities to CRISIL A1 from CRISIL A2+.

Further, the rating on the 23.5 crore commercial paper has been upgraded to CRISIL A1 from CRISIL A2+.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, September 25 2021. 13:14 IST