Dishman Carbogen Amcis Limited — Credit Ratings, 23-02-2026: Credit Rating- Others

India Ratings & Research (IND-RA) has downgraded Dishman Carbogen Amcis's long-term credit facilities to 'A' from 'A+' and short-term facilities to 'A1' from 'A1+', assigning a Negative outlook (previously Stable). The company believes this downgrade doesn't reflect improving financials, highlighting reduced net leverage to 3.18x by September 2025 and improved EBITDA margins.