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| Exchange Received Time 11/07/2019 15:29:10 Exchange Disseminated Time 11/07/2019 15:29:19 Time Taken 00:00:09 | Glenmark would like to inform you that Fitch Ratings, as part of their annual review cycle, has reaffirmed the Company's credit rating at 'BB', outlook 'stable'. This credit rating assigned to Glenmark is much higher than some of its global peers as mentioned in the enclosed report. The agency also affirmed the rating on Company's USD200 million 4.50% senior unsecured notes issued in 2016 at ''BB''.
Kindly find enclosed rating research update issued by Fitch Ratings for your reference.
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