|
| Exchange Disseminated Time | Panacea Biotec Ltd has informed BSE that Credit Analysis & Research Ltd (CARE) has retained the existing ratings of the Company with respect to the various Bank Facilities availed by the Company.
1. Facilities/Instruments: Long-term Bank Facilities
- Amount (Rs. Crore): 1379.42
- Rating: 'CARE A-' (Single A Minus)
- Remarks: Placed under 'Credit Watch'
2. Facilities/Instruments: Long-term/Short-term Bank Facilities
- Amount (Rs. Crore): 285.00
- Rating: 'CARE A2+' (A Two Plus)
- Remarks: Placed under 'Credit Watch'
Total Facilities: 1664.42
4. Facilities/Instruments: CP/Short term NCD (within working capital limits)
Amount (Rs. Crore): 100.00
Rating: 'CARE A1' (A One)
Remarks: Placed under 'Credit Watch'
- 'CARE A' (Single A Minus) Instruments of this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
- 'CARE A2+' (A Two Plus) Instruments with this rating are considered to have Strong degree of safety regarding timely payment of financial obligations. Such instruments carry low credit risk.
- 'CARE A1' (A one). Instrument of this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
'+' or '-'signs after the assigned rating are used to reflect the comparative standing within the category. |
|
|