CRISIL has reaffirmed Biocon’s credit ratings for its bank facilities. The long-term rating is reaffirmed at CRISIL AA+/Stable, and the short-term rating is reaffirmed at CRISIL A1+. Detailed rationale and information are available on the CRISIL website. This reaffirmation reflects CRISIL’s continued confidence in Biocon’s financial stability and business performance.
Credit Rating Reaffirmation
Biocon has received confirmation from CRISIL regarding the credit ratings of its bank facilities. This announcement highlights the ratings assigned by a leading credit rating agency.
Key Rating Details
The following credit ratings have been reaffirmed by CRISIL:
- Total Bank Loan Facilities Rated: Rs. 250 Crore
- Long Term Rating: Crisil AA+/Stable (Reaffirmed)
- Short Term Rating: Crisil A1+ (Reaffirmed)
Additional Information
Further details about the ratings, including the rationale behind the reaffirmation, can be found on CRISIL’s official website.
Source: BSE