Indoco Remedies receives revision in credit ratings from ICRA

Indoco Remedies has upgraded the Long term rating to [ICRA]A+ (pronounced ICRA A plus) from [ICRA] A (pronounced ICRA A). The outlook on the long-term rating has been revised to Stable from Negative.

The Short term rating has been revised to [ICRA]A1 (pronounced ICRA A One) from [ICRA]A2+ (pronounced ICRA A Two Plus).

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