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.
