Vega Jewellers Limited- Credit Rating

Vega Jewellers has informed the BSE that CRISIL has revoked its earlier suspended rating order (dated 8 April 2015) and assigned fresh credit ratings to the company. The long-term rating is CRISIL BBB/Stable and the short-term rating is CRISIL A3+, covering the company's outstanding bank loan facilities of Rs. 88.00 crore. CRISIL BBB/Stable is an investment-grade rating indicating moderate safety on timely payment of obligations, while A3+ reflects adequate safety for short-term debt. The revocation of the suspension itself is a positive development, putting the company back under active rating surveillance.