JKB Financial Services Ltd.

As on : 29-Sep-2026

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29-Sep-2026 17:02

ICRA reaffirms [ICRA]A- and [ICRA]A2+ ratings for Deepak Spinners Ltd’s banking facilities

Deepak Spinners Ltd announced that ICRA Limited has reaffirmed its ratings on various banking facilities, including Fund Based – Cash Credit of Rs 60.00, Fund Based – Export Packing Credit (Interchangeable) of Rs 15.04, Fund Based – Bill Discounting (Interchangeable) of Rs 15.04, Non-Fund Based – Credit Exposure Limit of Rs 1.00, Non-Fund Based – Bank Guarantee of Rs 2.00, and Unallocated limit of Rs 16.10, with ICRA assigning [ICRA]A- (Stable) and [ICRA]A2+ ratings respectively, accompanied by a change in outlook to stable from negative for the long-term ratings and reaffirmation for the short-term ratings; ICRA has also reaffirmed the ratings for Bank Guarantee of Rs 2.00, Cash Credit of Rs 60.00, Export Bill Discounting Facility of Rs 15.04, Export Packaging Credit of Rs 15.04, Non Fund -Based Facilities of Rs 1.00, and Unallocated Limits of Rs 16.10, with ratings due for surveillance within one year, and ICRA reserving the right to review and/or revise the ratings at any time.

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