JCR-VIS assigns initial entity ratings to SPPL

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial long term entity rating of 'BBB+' (Triple B Plus) and short term rating of 'A-2' (A-Two) to SaakhPharma Private Limited (SPPL). Long term rating of BBB+ signifies adequate credit quality with protection factors being reasonable and sufficient while risk factors are considered variable. Short term rating of A-2 signifies good certainty of timely payment and sound liquidity factors. Outlook on the assigned ratings is 'Stable'.
The assigned ratings incorporate SPPL's healthy growth outlook, adequate business risk profile and conservative financial policy as reflected by existing low leverage capital structure and funding of planned capital investments through equity injection. -PR