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CARE reaffirms ratings assigned to Fortis Healthcare’s bank facilities

CARE reaffirms ratings assigned to Fortis Healthcare’s bank facilities

The ratings assigned to the bank facilities of FHL continue to take into account the strong operating and financial performance in FY16 and in 9MFY17
Credit rating agency, CARE has reaffirmed ‘A+ (stable)’ rating assigned to Fortis Healthcare’s long term bank facilities worth Rs 55 crore and ‘A1+’ rating assigned to company’s short term bank facilities worth Rs 75 crore.

The ratings assigned to the bank facilities of Fortis Healthcare (FHL) continue to take into account the strong operating and financial performance in FY16 and in 9MFY17 marked by increase in operating income as well as PBILDT margins and comfortable gearing levels. The ratings also continue to derive strength from the promoters experience, the established brand name and pan-India operations.

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