Crisil Ratings has downgraded V.I.P.

VIP Industries LimitedVIPIND · Filed with the exchange

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.

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