Neogen Chemicals Limited — Important, 27-11-2024: General Updates

Neogen Chemicals Limited has provided an update on its credit ratings from CRISIL Ratings Limited. For Neogen Chemicals, the total bank loan facilities of ₹680 Crore have been reaffirmed with a long-term rating of CRISIL A/Stable and a short-term rating of CRISIL A1. The company’s subsidiaries, Neogen Ionics Limited, secured a newly assigned long-term rating of CRISIL A-/Stable for total bank loan facilities amounting to ₹1150 Crore. Ratings across various banks for cash credits and loans for Neogen Chemicals and its subsidiary remain stable, reflecting a solid credit position. This positive rating indicates a favorable outlook for investor confidence and financial health in the foreseeable future.