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

CRISIL Ratings has reaffirmed the long-term credit ratings for Neogen Chemicals Limited at 'CRISIL A/Negative' and its short-term rating at 'CRISIL A1'. Importantly, these ratings have been removed from 'Rating Watch with Developing Implications', providing increased clarity on the company's financial standing. A new 'CRISIL A/Negative' rating was also assigned to Neogen Chemicals' Non-Convertible Debentures of up to ₹200 Cr. For its subsidiary, Neogen Ionics Limited, the long-term rating was reaffirmed at 'CRISIL A-/Negative', also removed from watch. This action broadly stabilizes the company's credit profile, likely maintaining current borrowing costs. However, the 'Negative' outlook for long-term ratings implies vigilance regarding future financial developments.