General Announcement::Credit Rating

Issuer & Securities

Issuer/ Manager
JUBILANT PHARMA LIMITED
Securities
JUBILANTP US$200M6%N240305 - XS1958658509 - KBSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Feb-2022 01:47:19
Status
New
Announcement Sub Title
Credit Rating
Announcement Reference
SG220217OTHRL46Q
Submitted By (Co./ Ind. Name)
Shyam S. Bhartia
Designation
Chairman and Managing Director
Effective Date and Time of the event
16/02/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
Dear Sirs,

We wish to inform you that Fitch Ratings has affirmed the Company's Issuer Default Rating (IDR) at 'BB' and has revised the Outlook on the Company's Long-Term IDR to Negative, from Stable. Fitch Ratings has also affirmed the Company's senior unsecured rating and the rating on its USD200 million 6.00% senior unsecured notes due 2024 at 'BB'. Fitch Ratings has cited that Negative Outlook reflects its expectation of lower profitability and increase in leverage of the Company.

This is for your kind information and records.

Attachments

JPL_SGX_Disclosure_Credit_Rating.pdf
Total size =110K