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Crisil has downgraded Meghmani Organics Limited’s long-term bank facility rating from A+ to A, revising the outlook to stable while reaffirming the short-term rating at A1. This reflects some moderation in the company’s financial risk profile, likely due to elevated debt levels or cash flow pressures, with total rated bank facilities at Rs. 1094 Cr. The downgrade could lead to slightly higher borrowing costs and may temper investor confidence, but the stable outlook indicates no immediate further weakening, providing Meghmani manageable operational leeway for now.