S&P Global Ratings (S&P) vide its publication dated 21 May 2025, has communicated revision in the credit rating outlook of UPL Corporation's (UPL Corp), wholly owned subsidiary of UPL.
S&P has revised its rating outlook on UPL Corp from Negative to Stable. S&P affirmed 'BB' long term issuer credit rating of UPL Corp. S&P also affirmed 'BB' issue rating of its senior unsecured notes and 'B+' issue rating of its subordinated perpetual securities.
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