NGL Fine-Chem Limited has informed the Exchange about Credit Rating- Others
NGLFINE · price
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CRISIL has downgraded NGL Fine-Chem's long-term rating on its bank loan facilities to BBB+/Negative, while reaffirming the short-term rating at A2. The total bank facilities rated amount to Rs. 183.71 crore, spread across HDFC Bank and Kotak Mahindra Bank. The downgrade and negative outlook reflect a moderation in the company's business risk profile due to subdued operating margins and range-bound scale of operations. The rating action is based on a CRISIL letter dated June 27, 2025, and disclosed to the exchanges on June 30, 2025.
Negative for shareholders — the rating cut and negative outlook signal weakening profitability and business outlook, which could raise borrowing costs and weigh on investor sentiment in the near term.