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.