Torrent Pharmaceuticals receives reaffirmation in credit ratings

From India Ratings and Research

Torrent Pharmaceuticals has received affirmation in long term issuer ratings at IND AA. The outlook is Stable. The instrument-wise ratings action as follows -

Term loan - IND AA/ Stable (Affirmed)
Non convertible debentures - IND AA/ Stable (Affirmed)
NCDs - IND AA/Stable
Proposed NCDs - Provisional IND AA/ Stable (Assgined)
NCDs - IND AA/ Stable (Assigned)

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