Piramal Pharma receives upgrade in LT credit ratings

From CARE

Piramal Pharma announced that CARE has revised the credit ratings assigned to the company as under:

Long term bank facilities - CARE AA; Stable (upgraded)
Long term / short term bank facilities - CARE AA; Stable / CARE A1 (long term rating upgraded; short term rating reaffirmed)
Short term bank facilities - CARE A1 (reaffirmed)
Issuer rating - CARE AA; Stable (upgraded)
Non convertible debentures - CARE AA; Stable (upgraded)
Commercial paper - CARE A1 (reaffirmed)

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