Torrent Pharmaceuticals Limited — Credit Ratings, 07-10-2025: Credit Rating

ICRA Limited reaffirmed Torrent Pharma's long-term credit rating for banking facilities and existing Non-Convertible Debentures (NCDs) at [ICRA] AA+ with a Stable outlook. ICRA also assigned the same [ICRA] AA+ (Stable) rating for proposed NCDs. The credit rating for the Commercial Paper programme was reaffirmed at [ICRA] A1+.