NGL Fine-Chem Limited has informed the Exchange about Credit Rating- Others
NGLFINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.