Neogen's Credit Rating Downgraded Due to High Debt
Update: 2025-11-14
Description
S&P Global Ratings downgrades Neogen Corporations credit rating due to increased debt from acquiring 3Ms food safety business, resulting in higher costs and lower profit margins. Despite broader economic challenges, S&P predicts Neogen will generate significant free cash flow in the next two years, but major debt reduction is not expected.
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