Neogen Chemicals Limited — Credit Ratings, 16-06-2025: Credit Rating- New

CRISIL has reaffirmed credit ratings for Neogen Chemicals Limited’s ₹680 Cr bank loans at CRISIL A/Watch Developing, and its subsidiary Neogen Ionics Limited’s ₹1,150 Cr facilities at CRISIL A-/Watch Developing. The Watch Developing status reflects ongoing uncertainty in their credit profiles, indicating close monitoring of key factors affecting creditworthiness. The ratings affirm moderate confidence in liquidity and debt servicing ability, but potential near-term risks remain. This stance likely keeps borrowing costs steady while maintaining cautious sentiment among lenders and investors until further clarity on the company’s financial position emerges.