Neogen Chemicals Limited has informed the Exchange about General Updates
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings reviewed the credit ratings of Neogen Chemicals Limited and its wholly owned subsidiary Neogen Ionics Limited, with all ratings continued on 'Watch with Developing Implications' without change. Neogen Chemicals' long-term rating stays at CRISIL A and short-term at CRISIL A1 on total bank loan facilities of ₹680 Crore. Neogen Ionics' rating remains at CRISIL A- on bank facilities of ₹1,150 Crore. The ratings were earlier placed on watch and the same status continues, meaning the final rating action is still pending. Facilities from HDFC Bank, Axis Bank, SBI, IDBI Bank, Kotak Mahindra, and Bandhan Bank are covered under these ratings.
No rating change here - existing ratings were simply maintained and the watch status continues, leaving the final direction (upgrade, downgrade, or stable) still undecided. Shareholders should watch for a future resolution of this review, which could be either positive or negative.