Ind-Ra affirms Vadilal Industries credit ratings; Stock trades flat

The long-term issuer rating was affirmed at ‘IND BBB’. The Outlook is Negative.

Aug 06, 2021 02:08 IST India Infoline News Service

India Ratings and Research (Ind-RA) has affirmed Vadilal Industries Limited's long-term issuer rating at ‘IND BBB’. The Outlook is Negative.

The rating on the term loan was affirmed at IND BBB/Negative. On fund-based bank facilities of the company, the credit rating agency affirmed the rating IND BBB/Negative. Ind-Ra also affirmed IND A3+ rating on the company’s non-fund-based bank facilities. 

At around 2.20 PM, Vadilal Industries Ltd was trading at Rs1157.10 up Rs2.10 or 0.18% from its previous closing of Rs1,155 per piece on the BSE. The stock hit a day's high of Rs1185.60 per piece during intraday trade on Friday.

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