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Wednesday, April 28, 1999

Videocon debt rating reaffirmed 

Our Bureau  
New Delhi, Apr 27: Credit rating agency Crisil has reaffirmed its rating of Videocon International Ltd (VIL) two debenture and one bond issues.

All the three--the Rs 280-million non-convertible debenture issue, Rs 369.11 million secured convertible bond issue and Rs 287.5 million non-convertible debenture issue--have been reaffirmed the `A' rating by Crisil, an official release said.

This reflects the strong market position of VIL in the consumer durable industry on account of its brand equity, product range and distribution strengths, the release said.

VIL manufactures colour and black and white televisions, audio equipment and markets washing machines, refrigerators and air conditioners manufacutred by other group companies, the relases added.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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