Care Ratings revises ratings of Vadilal Industries’ bank facilities

27 Aug 2019

Credit rating agency, Care Ratings has revises ratings of Vadilal Industries’ bank facilities. The Long-term bank facilities rating has been revised from ‘BBB+’; under credit watch with - developing implications to ‘BBB’; under credit watch with negative implications.

The short-term bank facilities rating has been revised from ‘A2’; under credit watch with developing Implications to ‘A3+’; Under credit watch with negative implications.

Vadilal Industries is engaged in the manufacture and sale of ice-cream and processed food products.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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