ICRA has assigned credit ratings for the entire banking facilities of
Vaibhav Global Limited. The rating on fund‐based limits (Long‐Term) Rs153cr has been assigned ICRA A with a Stable outlook.
The credit rating agency has assigned ICRA A1 rating on bank guarantee, non‐fund based limits (Short‐Term) Rs2cr and forward contract, non‐fund based limits (Short‐Term) Rs3cr.
“This Rating indicates an adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk,” company said in a filing on Tuesday.
Ata round 11.36 am, Vaibhav Global Ltd was trading at Rs811.85 per piece down by Rs0.7 or 0.09% from its previous closing of Rs812.55 per piece on the BSE.
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