NGL Fine-Chem Limited — Credit Ratings, 27-06-2025: Credit Rating

CRISIL has downgraded NGL Fine-Chem Limited’s long-term rating to BBB+ with a negative outlook, while reaffirming its short-term rating at A2. The downgrade reflects concerns over the company’s weakening financial risk profile and tighter liquidity position. This rating action may increase the company’s cost of borrowing and could temper investor confidence, potentially limiting its financial flexibility in the near term.