Polyspin Exports Limited's credit ratings have been reaffirmed by CARE Ratings.

For long-term bank facilities, now 13.50 Cr (down from 26.61 Cr), the CARE BB+ rating was reaffirmed, with the outlook improving from Negative to Stable.

Short-term bank facilities, increased to 99.00 Cr (from 94.00 Cr), saw their CARE A4+ rating reaffirmed.

This update signifies the company's current credit standing and financial flexibility for its operations.

The stable outlook on long-term facilities reflects a positive shift in the company's financial prospects.