The Hindu Business Line : Fitch rates Aurobindo's loan `A+'

The bank loan facilities of Aurobindo Pharma Ltd have been assigned a national issuer rating of `A+' with a stable outlook by Fitch. The national ratings denote a strong credit risk relative to other issuers or issues in the same country. "The ratings reflect APL's strong revenue growth, its strong foothold in the active pharmaceutical ingredient space, as well as its demonstrated ability in growing its formulation business," the Hyderabad-based company said in a release. - Our Bureau

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