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As on : 30-Sep-2026
Hot Pursuit
30-Sep-2026     20:14

Corona Remedies Ltd. secures reaffirmed and upgraded credit ratings from CARE Ratings and CareEdge

Corona Remedies Ltd announced credit rating actions from multiple agencies, with CARE Rating Limited reaffirming the rating for Long Term Bank Facilities at CARE A+; Stable, previously at 25.00, and upgrading Long-Term / Short-Term Bank Facilities from CARE A+; Stable / CARE A1 to CARE A+; Stable / CARE A1+, while CARE Ratings Ltd. mirrored the reaffirmation and upgrade; additionally, CARE Ratings Ltd. assigned a BBB+ rating to Term Loan Facilities amounting to 100 crore, and noted the possibility of annual surveillance/review, along with continuous monitoring for certain bank facilities, though incomplete data prevents full rating information; CareEdge Ratings provided a rating reflecting opinions as on the date of the rating, without specifying instruments or amounts, and the text also indicates an awaiting full text related to dissemination of information, alongside noting that no rating data was found and that the issuer is not cooperating for another facility.

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