Astec LifeSciences receives ratings action from ICRA

Astec LifeSciences announced that ICRA has reaffirmed / assigned the following credit ratings:

(a) Assigned / Re-affirmed ICRA AA- (Stable) rating for long-term Bank facilities of Rs.556 crore. Outlook on the long-term rating is revised from Positive to Stable.

(b) Assigned / Re-affirmed ICRA A1+ rating for short-term Bank facilities of Rs.425 crore;

(c) Re-affirmed "ICRA A1+" rating to the existing Rs.300 crore Commercial Paper programme of the Company.

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