CARE revises credit rating for bank facilities of Vaibhav Global; Stock slips over 2.5%

The rating on long-term / short-term bank facilities was revised to CARE A; Stable / CARE A1, from CARE A-; Positive / CARE A2+.

Jul 23, 2021 11:07 IST India Infoline News Service

VAIBHAV GLOBAL LIMITED
Vaibhav Global Limited’s credit rating for the Long term/Short term bank facilities for Rs158cr has been revised by CARE. The rating on long-term / short-term bank facilities Rs153cr was at CARE A; Stable / CARE A1, revised from CARE A-; Positive / CARE A2+.

The credit rating agency revised short-term bank facilities for Rs5cr of the company to CARE A1 from CARE A2+.

Ata round 11.10 AM, Vaibhav Global Ltd was trading at Rs778.80 per piece down by Rs22 or 2.75% from its previous closing of Rs800.80 per piece on the BSE.
The scrip opened at Rs796.10 and has touched a high and low of Rs805.40 and Rs774.35 respectively, during intraday trade on Friday.

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