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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