CRISIL upgrades ratings assigned to bank facilities of KDDL

Credit rating agency, CRISIL has upgraded the credit rating of KDDL with effect from December 15, 2015 for Long Term Bank Loan Facilities from ‘BBB-/Stable’ to ‘BBB/Stable’ and for Short Term Bank Loan Facilities from ‘A3’ to ‘A3+’.

KDDL, formerly known as Kamla Dials and Devices, established in 1988 is a diverse company focusing on the business of Watches and Precision Engineering.