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CRISIL assigns ‘A2+’ rating to CP Proramme of TBZ

31 Dec 2014 Evaluate

Credit rating agency CRISIL has assigned ‘A2+’ rating to Rs 50 crore Commercial Paper (CP) Proramme of Tribhovandas Bhimji Zaveri (TBZ). The rating agency has also reaffirmed ‘A- / Stable’ rating to the company’s long term bank facilities.

TBZ, a well known jewellery retailer in India, is primarily engaged in selling gold and diamond-studded jewellery.

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