Fermenta Biotech Limited has received an upgraded credit rating from CARE Ratings.

The company's long-term bank facilities of ₹166.73 crore (previously ₹118.94 crore) have been upgraded to CARE BBB+; Stable from CARE BBB; Stable.

Additionally, short-term bank facilities totaling ₹6.25 crore are now rated CARE A2, an upgrade from CARE A3+. This positive revision signifies the company's improved financial strength and reduced credit risk, which could lead to better borrowing terms, lower financing costs, and enhanced financial flexibility.

This is a favorable development for stakeholders.