Vadilal Industries credit rating upgraded to IND A+ with Positive outlook
VADILALIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.3 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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India Ratings has upgraded Vadilal Industries' bank loan facilities to IND A+/Positive from IND A-/Stable. Short-term rating also upgraded to IND A1+ from IND A2+. Upgrade covers bank loans totaling about INR 4,000 million across ICICI, HDFC, IDBI and IndusInd banks. Positive outlook signals expected further improvement in credit profile.
Positive for shareholders. Rating upgrade with positive outlook lowers borrowing costs and reflects stronger financial health.