RPG Life gains after ICRA upgrades credit rating
RPG Life Sciences rose 2.19% to Rs 375.85 after the credit rating agency ICRA upgraded the ratings of the credit facilities of the company worth Rs 100.92 crore. ICRA has upgraded the long-term loans and long-term fund-based facilities of the company to '[ICRA] A (Stable)' from '[ICRA] A- (Stable)'. It has also upgraded the short-term, non-fund-based facilities of the company to '[ICRA] A1' from '[ICRA] A2+'. "The rating upgrade factors in the considerable improvement in the operating performance of RPG Life Sciences (RPGLS or the company) on the back of improvement in its sales hygiene and c...
Source: business-standard.com