Crisil Upgrades Credit Ratings Of Vip Industries

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.

Crisil Keeps 'Aa+/Stable' Rating On Birla Corporation

KOLKATA: Rating agency Crisil, has reaffirmed the "AA+/Stable" (pronounced "double A plus with stable outlook") rating Birla Corporation Ltd, the flagship of the MP Birla empire.
The rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.
The rating has been assigned to the proposed issue of long term non-convertible debenture programme of up to Rs. 500 crore of the company.
Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names.