Aster DM Healthcare Limited — Credit Ratings, 03-10-2025: Credit Rating- Revision

ICRA has upgraded Aster DM Healthcare's long-term rating to [ICRA]A+ (from [ICRA]A) and short-term ratings to [ICRA]A1+ (from [ICRA]A1). This upgrade is driven by increasing scale, improved credit profile, and strong revenue growth. The long-term rating remains on Rating Watch with Positive Implications, while short-term ratings are removed from Watch, both reflecting the pending merger with Quality Care India.