Neogen Chemicals Limited has informed the Exchange about Credit Rating- New
NEOGEN · price
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Awaiting price reaction for this filing.
CRISIL Ratings has reviewed the credit ratings on bank facilities of Neogen Chemicals Limited and its wholly owned subsidiary Neogen Ionics Limited. For Neogen Chemicals, the long-term rating remains CRISIL A and short-term rating remains CRISIL A1, with both continuing on 'Rating Watch with Developing Implications' (no change from the earlier status). For Neogen Ionics, the rating remains CRISIL A-/Stable on a Watch with Developing Implications. The total bank loan facilities rated are ₹680 crore for Neogen Chemicals and ₹1,150 crore for Neogen Ionics (₹1,830 crore combined), spread across lenders like HDFC Bank, Axis Bank, SBI, IDBI, Kotak Mahindra and Bandhan Bank.
There is no change in the actual ratings, so no immediate negative or positive impact for shareholders. The 'Watch with Developing Implications' means CRISIL is still assessing some event and the rating could move up, down, or stay the same — investors should watch for a final rating action in the coming months.