VIP Industries Limited
VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.
What VIP files
- Others81
- Investor Meet23
- Important16
- Updates14
- Board Meeting9
- QIP/Rights/Pref.6
Crisil Ratings has downgraded V.I.P. Industries' long-term bank facility rating to 'Crisil A-/Negative' from 'Crisil A/Negative'. This downgrade is due to the company's financial performance, with the long-term outlook remaining 'Negative'. The short-term bank facility rating of 'Crisil A2+' has been reaffirmed.
Crisil Ratings has downgraded VIP Industries' long-term bank facilities to 'Crisil A/Negative' from 'Crisil A+/Negative'. Short-term ratings also fell to 'Crisil A2+' from 'Crisil A1'. This revision for the Rs. 464 Cr bank facilities is attributed to the company's financial performance. The outlook remains Negative.
Crisil Ratings downgraded VIP Industries Limited's bank facilities totaling 424 Cr. The Long-Term rating moved to 'Crisil A+/Negative' from 'Crisil AA-/Negative', while Short-Term rating changed to 'Crisil A1' from 'Crisil A1+'. The Long-Term outlook remains Negative. This revision is attributed to Crisil's review of the company's financial results.