Neogen Chemicals Limited — Credit Ratings, 18-07-2025: Credit Rating

CRISIL Ratings has re-affirmed the credit ratings for Neogen Chemicals and its subsidiary, Neogen Ionics, while removing them from 'Rating Watch with Developing Implications'. Neogen Chemicals' long-term rating remains 'CRISIL A/Negative' and short-term 'CRISIL A1', covering ₹680 Cr in bank facilities and up to ₹200 Cr in NCDs. Neogen Ionics' long-term rating is re-affirmed at 'CRISIL A-/Negative' for its ₹1,150 Cr bank facilities. This action resolves prior rating uncertainties, enhancing investor confidence and maintaining the company's access to credit at current costs. The 'Negative' outlook signals potential for a future downgrade if financial metrics deteriorate, prompting continued close monitoring of the company's financial health.