ICRA reaffirms rating assigned to bank facilities of Veto Switchgears and Cables

Credit rating agency, ICRA has reaffirmed the long term rating of ‘BBB+’ assigned to earlier Line of Credit of Veto Switchgears and Cables. The credit rating agency has also assigned long term rating of ‘BBB+’ to additional limit. The amount has been enhanced from Rs 20 crore to Rs 35 crore. The outlook of long term rating is Stable.

Veto Switchgears and Cables is engaged in manufacturing of wires & cables, Electrical Accessories & all type of range of led lighting, CFL & Fans.