Onesource Specialty Pharma Limited has informed the Exchange about reaffirmation and withdrawal of credit ratings by CareEdge Ratings ( CARE ).
ONESOURCE · price
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Awaiting price reaction for this filing.
OneSource Specialty Pharma has voluntarily withdrawn its credit ratings from CareEdge Ratings (CARE) as part of a rationalisation exercise. CARE had reaffirmed its ratings before withdrawal: long-term/short-term bank facilities at CARE BBB+ (Stable) / CARE A3+, long-term bank facilities at CARE BBB+ (Stable), and non-convertible debentures were also withdrawn. The company will continue to maintain its credit rating of 'IND A-; Positive' from India Ratings & Research, which was reaffirmed in December 2025. The withdrawal was initiated at the company's own request, not due to any credit event.
This is a neutral to slightly positive event. The company is consolidating its credit ratings with a single agency that gives it a higher rating (IND A-; Positive vs CARE's BBB+), which may simplify its rating profile. Shareholders need not be concerned as no downgrade occurred — the CARE ratings were reaffirmed before withdrawal, and the company retains a stable investment-grade rating.