ALPHA TRIBE

Fermenta Biotech LtdImportant, 02-10-2025: Company Update

02-10-2025 | 10:04 pm

Fermenta Biotech Limited has received an upgraded credit rating from CARE Ratings. The rating for its long-term bank facilities, totaling ₹118.94 Cr (reduced from ₹128.17 Cr), was upgraded from CARE BBB-; Stable to CARE BBB; Stable. Additionally, the short-term bank facilities of ₹6.25 Cr were upgraded from CARE A3 to CARE A3+. The total facilities amount to ₹125.19 Cr. This upgrade reflects an improvement in the company's financial profile, potentially leading to better borrowing conditions and stronger investor perception.

No comments yet. Be the first to comment!

All announcements from Fermenta Biotech Ltd