Ashnoor Textile Mills Limited has announced a credit rating review by CRISIL Ratings for its total bank loan facilities of Rs. 80 Cr.

The long-term rating has been reaffirmed at CRISIL BBB- with a positive outlook, indicating potential for rating improvement, while the short-term rating remains at CRISIL A3. The facilities include a Rs. 26 Cr term loan and Rs. 54 Cr non-fund-based/packing credit limits with Bank of Baroda.

The positive outlook reflects CRISIL’s confidence in the company’s improving financial profile and operational stability, which is encouraging for shareholders.