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India Ratings assigns 'IND A1+' rating to Biocon's ₹1200 Cr CP program | Bullu
BIOCON
India Ratings assigns 'IND A1+' rating to Biocon's ₹1200 Cr CP program
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08:48 26 Apr 25
credit ratings
India Ratings and Research (Ind-Ra) has assigned a credit rating of 'IND A1+' to Biocon Limited's proposed Commercial Paper Program.
The Commercial Paper Program is valued at ₹1200 crore (INR 12 billion).
The rating letter for the same was received by Biocon on April 15, 2025.
The assigned rating of 'IND A1+' is for Biocon's proposed ₹1200 crore Commercial Paper Program.
This rating is valid for 60 calendar days from April 15, 2025 for the purpose of issuance.
Once the instrument is issued, the rating is valid for a maximum period of 1 year from the date of issuance and is subject to review.
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