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 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.