NGL Fine-Chem Limited — Credit Ratings, 30-06-2025: Credit Rating- Others

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 a moderation in the company’s business risk profile due to subdued operating margins and stagnant scale of operations. The total bank loan facilities rated amount to Rs.183.71 Cr. This rating action could lead to a higher cost of borrowing and may dent investor confidence, indicating some pressure on the company’s financial flexibility going forward.