Credit rating agency CRISIL has assigned ‘BBB/Stable’ rating to KDDL’s subsidiary Ethos’ long term bank loan facilities. The rating agency has also assigned ‘A3+’ rating to the company’s short term bank loan facilities. Further, CRISIL reaffirmed ‘FA-/Stable’ rating to the company’s Fixed Deposits Programme.
KDDL, formerly known as Kamla Dials and Devices, established in 1988 is a diverse company focusing on the business of Watches and Precision Engineering.