Vadilal Industries announced that India Ratings and Research (Ind-RA) has downgraded Vadilal Industries Long term issuer rating to 'IND BBB+' from 'IND A-' and
maintained it on Rating Watch Negative (RWN) vide their letter dated 29 July, 2019.
The instrument-wise rating actions are as follows:
Term loan - IND BBB+/RWN (Downgraded and maintained on RWN)
Fund based bank facilities - IND BBB+/RWN (Downgraded and maintained on RWN)
Non fund based bank facilities - IND A2+/RWN (Downgraded and maintained on RWN)
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
