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Unichem Laboratories receives downgrade in LT credit ratings

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Capital Market
Unichem Laboratories announced that ICRA has downgraded the long-term rating on the Rs. 176 crore 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.

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First Published: Sep 19 2022 | 4:27 PM IST

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