Credit rating agency, ICRA has upgraded the rating of the line of credit enjoyed by Hikal from ‘BBB-‘ to ‘BBB’ for long-term bank facilities and from ‘A3’ to ‘A2’ for short-term bank facilities.
Hikal is a provider of solutions & reliable long-term outsourcing partner to companies in the Pharmaceuticals, Crop Protection, Animal health, and Specialty Chemicals industry. The company has been supplying key active ingredients (AI) and intermediates, manufactured using stringent global quality standards, for its customers in the United States, Europe and Japan.
