Credit Rating- Revision

VIKRAN has announced a revision in its credit rating by Infomerics Valuation and Rating Limited. The long-term rating for its fund-based facilities, totaling INR 184.73 Crore, has been downgraded. The rating now stands at IVR BBB+/Stable, revised from the previous IVR A-/Stable. This downgrade indicates an increased perception of credit risk for the company's long-term borrowings, which may impact its cost of capital and future financing terms for investors.