The upgrade, said Icra, takes into account the “robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics”. For the first time, Patanjali Ayurved, co-founded by yoga guru Ramdev and his deputy, Balkrishna, has got a rating upgrade. Icra has revised its long-term rating upgrade for the company from the earlier ‘A-’ to one of ‘A+’, for Rs 300 crore of fund-based facilities. And, it also ... Rediff.com, 3 days ago
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