Wockhardt gets revision in credit ratings

From CARE and India Ratings & Research

Wockhardt announced that Credit Analysis & Research (CARE Rating) has re-affirmed the Company's Rating for total Working Capital limit as 'CARE AA' and 'CARE A1+' for Long - Term Bank Facilities (Fund Based) and Short Term Bank Facilities (Non Fund Based) respectively.

Further, India Ratings and Research has re-affirmed the short-term Bank facilities rating at 'IND A1+ and assigned the Company's long-term loan facilities rating to 'IND AA-' from 'IND AA'.

CARE Rating has also assigned 'CARE AA' rating for the proposed issue of NCDs of Rs. 250 crore of the Company.

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