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From Fitch Ratings

UPL announces revision in credit rating outlook of UPL Corp

04-Jun-2025, 01:28

UPL announced that Fitch Ratings vide its publication dated 04 June 2025, has communicated revision in the credit rating outlook of UPL Corporation (UPL Corp), wholly owned subsidiary of UPL.

Fitch has revised its Long-Term Issuer Default Rating (IDR) outlook on UPL Corp from 'Negative' to 'Stable'. Fitch affirmed the IDR at 'BB' of UPL Corp. Fitch also affirmed the senior unsecured rating and the ratings of its senior unsecured notes at 'BB'.