India Ratings Assigns Synthimed Labs’ Bank Facilities ‘IND A-’/Stable

India Ratings Upgrades Synthimed Labs’ Bank Facilities to ‘IND A-‘/Stable

Synthimed Labs is pleased to announce that India Ratings has assigned an ‘IND A-‘/Stable rating to the company’s bank facilities. This represents a significant improvement from the previous ‘BB’ rating, reflecting the company’s enhanced financial and operational performance.

The upgrade to ‘A-‘ is a notable achievement for Synthimed Labs, indicating a strong capacity to meet financial commitments. This new rating is expected to have positive implications for the company’s financial operations and market position.

The management attributes this achievement to the collective efforts of the entire SLPL leadership team. Special recognition is due to Anurag and his team, as well as Sandeep and Bharti, whose efforts have been instrumental in this progress.