Credit Ratings
Credit Rating- Revision
VIP Industries LimitedVIPIND · Filed with the exchange
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.
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