You are here: Home » News-CM » Companies » News
Business Standard

Glenmark Pharmaceuticals gets affirmation in long term issuer rating

Capital Market 

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.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 11 2019. 16:09 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU