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India Ratings upgrades Strides Arcolab’s Long-Term Issuer rating to ‘A+’

29 Jan 2014 Evaluate

Credit rating agency, India Ratings & Research (India Ratings), a Fitch Group Company, has upgraded Strides Arcolab’s Long-Term Issuer rating to ‘A+’ from ‘BBB+’ with stable outlook.

Strides Arcolab is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.

Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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