India Ratings upgrades ABD rating by two notches to IND AA- with Stable Outlook
ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings and Research has upgraded Allied Blenders and Distillers (ABDL) rating by two notches from IND A to IND AA- with a Stable Outlook. The upgrade reflects ABD's continued growth in consolidated scale in FY26, which the agency expects to sustain and expand further. Stable outlook signals expectation of sustained improved profitability via premiumization, with ongoing backward integration supporting EBITDA margins and comfortable net leverage despite capex. ABD is among India's leading spirits companies and its largest exporter by volume.
Positive - signals stronger financial profile, likely lower borrowing costs, and improved investor confidence, though much may already be priced in.