Acknit Industries has announced a revision in its credit ratings by ICRA.

The long-term rating for its banking facilities has been revised to [ICRA] BBB (Stable), while the short-term rating is now [ICRA] A3+. The outlook on the long-term rating remains stable, indicating a consistent credit profile.

These ratings cover total banking facilities of Rs. 79.32 crore.

This update provides investors with a clear assessment of the company's financial health and its ability to meet debt obligations.