Credit rating agency, CARE has revised rating of Vaibhav Global’s long term bank facilities to ‘BBB’ from ‘BB+’. The rating agency has also revised rating of the company’s short term bank facilities to ‘A3+’ from ‘A4+’
Vaibhav Global is engaged in selling of fashion jewellery and lifestyle products in the US, the UK and Canada via its own TV shopping and e-commerce platforms. It currently has access to 96 million households in US and the UK.