Financial Wire

ICRA Reaffirms A+ Rating for Unichem Laboratories' Bank Facilities; Shares Up 4%

Credit rating agency ICRA has reaffirmed the rating of A+ given to Unichem Laboratories' (NSE:UNICHEMLAB, BOM:506690) 1.80 billion Indian rupees bank facilities, according to a Friday filing to the Indian stock exchanges.ICRA has also affirmed its stable outlook for the bank facilities.The company's shares were up 4% in recent trade.

-- Credit rating agency ICRA has reaffirmed the rating of A+ given to Unichem Laboratories' (NSE:UNICHEMLAB, BOM:506690) 1.80 billion Indian rupees bank facilities, according to a Friday filing to the Indian stock exchanges.

ICRA has also affirmed its stable outlook for the bank facilities.

The company's shares were up 4% in recent trade.