Pasupati Spinning and Weaving Mills Ltd has announced a credit rating assigned by India Ratings & Research.

The company’s term loans and fund-based working capital limits have been rated IND BB- with a stable outlook, while non-fund based working capital limits are rated IND A4+. The ratings reflect the company’s current credit profile across multiple banking facilities totaling over INR 338 million in fund-based limits and INR 59 million in non-fund based limits.

This rating affirms the company’s creditworthiness and impacts its borrowing costs and financial flexibility.