Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Hester Biosciences’ long-term bank facilities worth Rs 34.19 crore. The rating agency has also reaffirmed ‘BBB+/ A3+’ rating to company’s long-term/ short term bank facilities worth Rs 25 crore. The ratings assigned to the bank facilities of Hester Biosciences (HBL) continue to derive strength from its experienced promoters, established position in the poultry vaccine industry, strong marketing and distribution network and its wide product portfolio.
The ratings also continue to take into account consistent growth in its total operating income along with healthy profitability and comfortable capital structure and debt coverage indicators.
