MUMBAI: The rating agency Crisil has reviewed and upgraded the Bank loan ratings of the VIP Industries Ltd.
The agency has upgraded the rating to A+/Stable from A-/Stable (a two notch improvement) for cash credit facilities & term loan and to P1 from P2+ for short term loan.
VIP Industries Limited engages in the manufacture and sale of luggage products and accessories in India and internationally. It provides travel products, hard and soft-sided luggage, bags, backpacks, duffels, shoulder bags, waist pouches, sling bags, duffel trolleys, vanity cases, office bags and satchels, suitcases, and briefcases.
The company offers its products primarily under the VIP, Carlton, Delsey, Footloose, Alfa, Aristocrat, Skybags, and Buddy brands. It also manufactures molded furniture under the Moderna brand.
The agency has upgraded the rating to A+/Stable from A-/Stable (a two notch improvement) for cash credit facilities & term loan and to P1 from P2+ for short term loan.
VIP Industries Limited engages in the manufacture and sale of luggage products and accessories in India and internationally. It provides travel products, hard and soft-sided luggage, bags, backpacks, duffels, shoulder bags, waist pouches, sling bags, duffel trolleys, vanity cases, office bags and satchels, suitcases, and briefcases.
The company offers its products primarily under the VIP, Carlton, Delsey, Footloose, Alfa, Aristocrat, Skybags, and Buddy brands. It also manufactures molded furniture under the Moderna brand.
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