Syngene International receives upgrade in credit ratings from CRISIL

Syngene International announced that CRISIL has upgraded the long term rating for the company to 'AA+/Stable outlook' from 'AA/Positive Outlook'.

The upgradation is inter-alia based on sustained improvement in Syngene's operating and financial performance, established market position in contract research, strong parentage, healthy financial risk profile and strong liquidity position.

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