Credit rating agency, ICRA has upgraded the long term rating for the captioned Line of Credit (LOC) of Sunil Healthcare from ‘BB+’ to ‘BBB-‘. The outlook on the loan term rating is retained as Stable.
The rating committee of the agency has also upgraded the short term rating of the company for the captioned LOC from ‘A4+’ to ‘A3’. The aforesaid ratings are valid till April 30, 2015.
Sunil Healthcare, having started its operations over three decades ago, is the second largest manufacturer of EHGC in India and enjoys immense credibility in various global markets.
