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Vadilal Enterprises downgraded by India Ratings; ratings now IND A- and IND A2+

23-Sep-26 18:47 Hrs IST

Vadilal Enterprises Ltd announced on September 23rd, 2023, an update on credit ratings under Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015. India Ratings and Research (Ind-Ra) has downgraded the company’s bank loan facilities’ long-term rating to IND A- and the short-term rating to ‘IND A2+’, both with a Rating Watch with Negative Implications; previously, the long-term rating was IND A+ and the short-term rating was ‘IND A1+’, with no prior enhancements, assignments, or withdrawals related to these ratings. The instruments affected are bank loan facilities, with the rating action being a downgrade and placement on a rating watch with Negative Implications for both the IND A- and IND A2+ ratings.

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