Credit rating agency, ICRA has upgraded the long term rating for Rs 344.87 crore Line of Credit (LOC) of V-Guard Industries to ‘AA’ from ‘AA-’. The outlook on the long term rating has been revised to stable from positive. The aforesaid rating is valid until March 22, 2019.
V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.