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Entity-Specific Rating Rationales

30 Oct 2025

Biocon Biologics Limited: Ratings reaffirmed

Biocon Biologics Limited: Ratings reaffirmed

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30 Aug 2024

Biocon Biologics Limited: Ratings reaffirmed

Biocon Biologics Limited: Ratings reaffirmed

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09 Oct 2023

Biocon Biologics Limited: Ratings reaffirmed; rated amount enhanced

Biocon Biologics Limited: Ratings reaffirmed; rated amount enhanced

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04 Aug 2023

Biocon Biologics Limited: Ratings reaffirmed; removed from Rating Watch with Developing Implications, assigned Stable outlook for the long-term rating; short term rating reaffirmed

Biocon Biologics Limited: Ratings reaffirmed; removed from Rating Watch with Developing Implications, assigned Stable outlook for the long-term rating; short term rating reaffirmed

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Entity-Specific Credit Perspective Reports

03 Dec 2025

Biocon Biologics Limited

Biocon Biologics Limited (Non-SF)

11 Oct 2024

Biocon Biologics Limited

Biocon Biologics Limited (Non-SF)

04 Sep 2023

Biocon Biologics Limited

Biocon Biologics Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]AA+(Stable) --
Working capital facilities [ICRA]A1+ -- -- --
Unallocated [ICRA]A1+ -- [ICRA]AA+(Stable) --

Our Analysts

Analyst 1

Aman Mundhada

Analyst 2

Mythri Macherla

Sector Head

Jitin Makkar
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