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ICRA assigns ‘A1+’ rating to Lupin’s short-term credit facilities

01 Apr 2015 Evaluate

Credit rating agency, ICRA has assigned ‘A1+’ rating to Lupin’s short-term credit facilities of Rs 1310 crore. The rating agency has also assigned ‘AA+’ rating to the company’s long-term credit facilities worth Rs 190 crore. Moreover, the rating agency has assigned ‘AA+’ rating to the company’s Non-Convertible Debenture (NCD) programme worth Rs 100 crore.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology products and APIs globally.

Peers
Company Name CMP
Sun Pharma. Inds. 1810.00
Dr. Reddys Labs. 1200.10
Cipla 1346.85
Lupin 2029.00
Zydus Lifesciences 1145.25
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