New Delhi, Dec. 30 -- Textile company Nandan Denim share price rose nearly 1% to Rs.2.94 apiece in Tuesday's trading session after the company announced that Infomerics Ratings has reaffirmed credit ratings on the company's bank facilities.

In an exchange filing, Nandan Denim said that Infomerics Ratings has reaffirmed the credit ratings on its bank facilities aggregating Rs.339.74 crore, signalling stability in the company's credit profile.

According to the exchange filing, the company's long-term borrowings of Rs.279.74 crore continued to be rated IVR BBB with a Stable outlook, while the short-term facilities of Rs.60 crore remain at IVR A3+. The reaffirmation reflects the textile firm's adequate credit profile and comfortable liquidi...