Indoco Remedies gets revision in credit ratings

From ICRA

Indoco Remedies announced that ICRA has revised the rating from [ICRA]AA- (pronounced ICRA double A minus) to [ICRA]A+ (pronounced ICRA A plus) for the long term borrowing programme of the company. The Outlook on the long term rating has been revised to 'Stable' from 'Negative'.

The short term rating has been reaffirmed at [ICRA]Al+ (pronounced ICRAA one plus)

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