Announced Sat, 27 Jun · 18:02 IST
Credit rating downgraded over Bhopal plant shutdown
SDBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹70.09
prior close
₹69.89
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-2.2-2.0-2.2-3.1-2.3-0.1-1.7-2.2-5.5+11.5———
Up moveDown movePending
AI summary
Infomerics Ratings revised Som Distilleries' credit ratings downward. Long-term rating cut to BBB from BBB+, and short-term rating cut to A3+ from A2. The downgrade reflects concerns over the temporary suspension of operations at the Bhopal plant. The company is working to resume operations and expects ratings to improve upon normalization.
Likely market impact
Negative for shareholders; higher borrowing costs likely until Bhopal plant resumes normal operations.