Biocon receives credit ratings from India Ratings and Research

Biocon has received credit ratings from India Rating and Research as under:

Long term issuer rating - IND AA+/ Stable (affirmed)
Proposed non convertible debentures - IND AA+/ Stable (assigned)
Term loans external commercial borrowings - IND AA+/ Stable (affirmed)
Proposed term loans - IND AA+/ Stable (affirmed)
Commercial paper - IND A1+ (affirmed)

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