Ind Ra affirms Cipla's long-term issuer rating at 'AAA' with Stable outlook

19 Jan 2022 , 02:33 PM

India Ratings and Research (Ind-Ra) has affirmed Cipla Limited’s Long-Term Issuer Rating at ‘IND AAA’. The Outlook is Stable. 

Further, the rating agency has also affirmed company’s commercial paper worth Rs10 billion at IND A1+.

As per rationale report, Ind-Ra continues to take a consolidated view of Cipla and its subsidiaries across geographies, together referred to as Cipla, as all the entities operate in a similar line of business.

On Wednesday at around 2:34 PM, Cipla was trading at Rs896.15 per piece down by Rs6.1 or 0.68% on Sensex. So far today, the scrip touched an intraday high and intraday low at Rs902 apiece and Rs885.25 apiece respectively during early trading hours.