Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201, Unichem Laboratories has informed that ICRA, the credit rating agency has downgraded the long-term rating on the Rs 176 crs bank facilities of the Company to [ICRA] A- (Stable) (pronounced ICRA A minus with a Stable outlook). This rating indicates have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. The company has enclosed letter dated September 16, 2022, issued by ICRA in this regard.
The above information is a part of company’s filings submitted to BSE.
