Aster DM Quality Care's debt instruments receive upgrades and stable outlook from ICRA Limited

Aster DM Quality Care Ltd announced upgrades and reaffirmations to its debt instruments by ICRA Limited, removing all ratings from Rating Watch with Developing Implications and assigning a stable outlook. Specifically, ICRA upgraded the long-term ratings for the Fund-based Cash Credit of Rs 19.00 crore and the Fund-based Term Loan of Rs 75.00 crore from [ICRA]AA- to [ICRA]AA(Stable), while reaffirming the short-term rating of [ICRA]A1+ for the Fund-based Others of Rs 12.00 crore and the Long-term/Short-term Unallocated rating of Rs 104.00 crore, upgrading the long-term rating from [ICRA]AA- to [ICRA]AA(Stable). Additionally, ICRA upgraded the Long-term rating to A1+ and reaffirmed the Short-term rating of AA- with a stable outlook, alongside reaffirming several other instruments including the Short-term Fund-based Others of Rs 12.00 crore and the Long-term/Short-term Unallocated of Rs 104.00 crore, and noting implicit support from its parent company.