VIP Industries credit rating downgraded on ₹424 crore facilities
pre-market1 source ↓written by the desknot a recommendation
- of bank facilities
- ₹424 crore
VIP Industries has faced a credit rating downgrade by Crisil Ratings, affecting ₹424 crore of bank facilities. The long-term rating fell from Crisil AA-/Negative to Crisil A-/Negative, while the short-term rating dropped from Crisil A1+ to Crisil A1. This downgrade may strain relationships with banks like Kotak Mahindra and YES Bank.
Not investment advice. For informational purposes only.