India, April 16 -- Biocon Ltd has received a strong credit endorsement from India Ratings and Research (Ind-Ra), which has assigned a rating of 'IND A1+' to the company's ?1,200 crore (INR 12 billion) Proposed Commercial Paper Program. This rating represents the highest level of short-term credit quality, indicating strong confidence in Biocon's financial stability and repayment capacity.
India Ratings highlighted that the rating was based on a comprehensive assessment of information sourced from Biocon, its underwriters, and other credible channels. The agency adheres to rigorous rating methodologies and verification processes, including independent third-party audits and expert assessments, where available.
However, Ind-Ra emphasized th...