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Rating, outlook of Lincoln Pharma upgraded by ICRA

New Delhi: The rating agency ICRA Ltd has upgraded ratings and outlook of Lincoln Pharmaceuticals Ltd. ICRA has upgraded rating of company's long-term bank loan facilities to ICRA A with stable outlook from ICRA A- and positive outlook. Short term bank loan facilities of the company were upgraded to ICRA A1 from ICRA A2+ earlier. Rating agency in its report has stated that...
New Delhi: The rating agency ICRA Ltd has upgraded ratings and outlook of Lincoln Pharmaceuticals Ltd.
ICRA has upgraded rating of company's long-term bank loan facilities to ICRA A with stable outlook from ICRA A- and positive outlook. Short term bank loan facilities of the company were upgraded to ICRA A1 from ICRA A2+ earlier. Rating agency in its report has stated that the upgrade in ratings takes into account the improvement in the group's financial risk profile in FY2020 and 9MFY2021, backed by steady growth in scale and margins.
M.Com
Ruchika joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751