CARE Ratings has upgraded Shiva Texyarn's credit ratings for its bank facilities.

Long-term bank facilities are now CARE BBB+; Stable (previously CARE BBB; Stable). Long-term/short-term facilities moved to CARE BBB+; Stable / CARE A2 (from CARE BBB; Stable / CARE A3+). Short-term facilities are upgraded to CARE A2 (from CARE A3+). Total facilities rated amount to Rs 202.58 Cr.