Ipca Laboratories announces reaffirmation of credit ratings

From CRISIL

Ipca Laboratories announced that CRISIL has reaffirmed the ratings for the following facilities of the Company-

Total Bank Loan Facilities Rated - Rs 1182.5 crore

Long Term Rating - CRISIL AA / Stable (reaffirmed)
Rs 50 crore NCD - CRISIL AA / Stable (reaffirmed)
Rs 20 crore NCD - CRISIL AA / Stable (reaffirmed)
Rs 21 crore Short Term Debt (Reduced from Rs 80 crore) - CRISIL A1+ (reaffirmed).

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