Wockhardt receives affirmation in credit ratings from CARE

8 Sep 2022 , 01:34 AM

Wockhardt has received reaffirmation in credit ratings from CARE Ratings as under Long term bank facilities Rs 52775 crore – CARE BBB-; Stable Short term bank facilities Rs 17120 crore – CARE A3 Non convertible debentures Rs 200 crore – CARE BBB-; Stable Non convertible debentures Rs 50 crore – CARE BBB-; Stable The ratings were given inter alia after factoring in the tie-up with various global partners for supply of vaccines and respiratory antibiotic diversified product portfolio spread across multiple therapeutic segments accredited manufacturing facilities along with RD-focused approach established marketing network with global presence improvement in total operating income and operating profit margins in FY22 and successful raising of funds through rights issue and NCD issue