Glenmark Pharmaceuticals gets affirmation in long term issuer rating

From Fitch Ratings

Glenmark Pharmaceuticals announced that Fitch Ratings has reaffirmed the Company's Long-Term Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable. The agency also affirmed the rating on Glenmark's USD200 million 4.50% senior unsecured notes due 2021 at 'BB'. The notes are rated at the same level as the IDR because they constitute Glenmark's direct and senior unsecured obligations.

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