Company UpdateCredit Rating
CARE reaffirms long-term rating and upgrades LT/ST facilities for Corona Remedies Ltd; Stable outlook.
Rating Details
- Long Term Bank Facilities ₹7.00 cr: CARE A+; Stable; Reaffirmed.
- Long Term / Short Term Bank Facilities ₹70.00 cr: CARE A+; Stable / CARE A1+; Upgraded.
- Material change since last rating: LT facility reaffirmed; LT/ST upgraded.
- Outlook: Stable.
- Rationale: Based on FY26 audited and Q1FY27 unaudited performance.
- Rating Agency: CARE Ratings Limited.
- Surveillance may occur; annual review.