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Entity-Specific Rating Rationales

09 Apr 2025

Biological E. Limited: Long-term rating upgraded to [ICRA]AA(Stable) and short-term rating reaffirmed

Biological E. Limited: Long-term rating upgraded to [ICRA]AA(Stable) and short-term rating reaffirmed

20 Feb 2024

Biological E. Limited: Ratings reaffirmed

Biological E. Limited: Ratings reaffirmed

12 Feb 2024

Biological E. Limited: Ratings reaffirmed

Biological E. Limited: Ratings reaffirmed

02 Nov 2022

Biological E. Limited: Ratings reaffirmed on existing limits and assigned to enhanced limits

Biological E. Limited: Ratings reaffirmed on existing limits and assigned to enhanced limits

30 Aug 2022

Biological E. Limited: Ratings upgraded

Biological E. Limited: Ratings upgraded

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Entity-Specific Credit Perspective Reports

09 May 2025

Biological E. Limited

Biological E. Limited (Non-SF)

11 Mar 2024

Biological E. Limited

Biological E. Limited (Non-SF)

28 Sep 2022

Biological E. Limited

Biological E. Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long term, Fund-based facilities -- -- [ICRA]AA(Stable) --
Long-term/ Short-term, Fund-based/Non-fund based Facilities [ICRA]A1+ -- [ICRA]AA(Stable) --
Term Loan(USD Million) -- -- [ICRA]AA(Stable) --
Long term - Term Loans -- -- [ICRA]AA(Stable) --
Long-term/short-term: Unallocated facilities [ICRA]A1+ -- [ICRA]AA(Stable) --
Unallocated Limits (USD Million) [ICRA]A1+ -- [ICRA]AA(Stable) --
Short-term, Non-fund Based Facilities [ICRA]A1+ -- -- --
Proposed Non-convertible debenture programme -- -- Withdrawn --

Our Analysts

Analyst 1

Gaurav Kushwaha

Analyst 2

Deepak Jotwani

Sector Head

Shamsher Dewan
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