Pursuant to Regulation 30 of SEBI LODR Regulations 2015, we wish to inform that Care edge vide letter dated 07th April 2026 have assigned ratings as per attachment attached.
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Awaiting price reaction for this filing.
Care Edge has assigned credit ratings to Vippy Spinpro's borrowing facilities with HDFC Bank. The ratings are BBB+ (Triple B Plus) with Stable outlook for all facilities, along with A2 rating for short-term borrowings. Term loans worth Rs. 86.57 crore received BBB+ stable rating, while fund-based limits of Rs. 40 crore and non-fund based limits of Rs. 0.30 crore received dual ratings (BBB+ stable and A2). This appears to be a routine rating assignment for existing credit facilities with HDFC Bank.
BBB+ rating with stable outlook indicates moderate creditworthiness and low near-term risk of rating change, which is positive for the company's borrowing costs and lender confidence.