VIP Clothing Limited has announced that India Ratings and Research Private Limited has upgraded their credit ratings on the company's bank loan facilities. The long-term bank loan rating has been upgraded to 'IND BBB-' with a Stable Outlook from 'IND BB+', and the short-term bank loan rating has been upgraded to 'IND A3' from 'IND A4+'. The upgrade applies to various bank loan facilities, including fund-based working capital limits, non-fund-based working capital limits, and working capital term loans, across banks such as State Bank of India, HDFC Bank Limited, and IDBI Bank. The total rated amount for these facilities is INR 1,050 million (₹105 crore). The upgrade reflects the agency's assessment of the company's financial standing and creditworthiness.