Dr Reddys Laboratories receives reaffirmation/ assignment of credit ratings

Dr Reddys Laboratories has received affirmation/ assignment of credit ratings from India Ratings & Research as follows -

Long term issuer ratings - IND AA+/ Stable (affirmed)
Fund based working capital limits - IND AA+/ Stable/ IND A1+ (long term rating affirmed; short term rating assigned)
Non fund based working capital limits - IND AA+/Stable/ IND A1+ (long term rating affirmed; short term rating assigned)
Proposed working capital limits - Provisional IND AA+/Stable/Provisional IND A1+ (affirmed)
Commercial paper - IND A1+ (assigned)

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