Credit rating agency, CARE has reaffirmed ‘BBB-(stable)’ rating to Vivimed Labs’ long-term bank facilities worth Rs 314.42 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 177.60 crore.
The ratings assigned to the bank facilities of Vivimed Labs (VLL) continue to derive strength from experienced and qualified promoter and management team, long track record of operations with a diversified portfolio of pharmaceutical products and speciality chemicals, geographically well diversified presence with reputed customer base and favourable industry outlook.
