ICRA reaffirms AA credit rating of V-Guard Industries; Stock ends higher

The outlook on the long-term rating for Rs344.87cr Line of Credit of the company remains ‘Stable’.

May 10, 2021 04:05 IST India Infoline News Service

V-Guard Industries
ICRA Ltd. has re-affirmed the long-term credit rating of V-Guard Industries Limited for Rs344.87cr Line of Credit of the company as ICRA AA. The outlook on the long-term rating remains ‘Stable’.

The credit rating agency has also re-affirmed the short-term rating for the Rs344.87cr Line of Credit as ICRA A1+.

“The aforesaid ratings to be read as “ICRA AA / Stable/A1+” and is valid up to May 2, 2022,” company said in a regulatory filing on Saturday.

V-Guard Industries Ltd trade on Monday ended at Rs225.40 per piece up by Rs2.4 or 1.08% from its previous closing of Rs223 per piece on the BSE.

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