Vivriti Capital receives stable rating from CRISIL for bank facilities, NCDs

Vivriti Capital (VCL), which offers lending solutions to mid-market enterprises in the country, has received CRISIL A+/stable rating to its bank facilities, non-convertible debentures (NCDs) and CRISIL A1+ rating for its commercial paper from CRISIL Ratings. The current rating by CRISIL is for ongoing/future issuances (long-term loan, CPs, NCDs) of VCL.

The ratings assigned signify the creditworthiness of Vivriti Capital and its financial instruments, the company said. Vineet Sukumar, Founder and Managing Director, Vivriti Capital said, “This is the first time we have been rated by CRISIL Ratings. During this period, we have grown our business significantly, while maintaining healthy asset quality reflected in the non-performing assets (NPAs) remaining within comfortable range.”