Announced Thu, 20 Aug · 19:51 IST
Credit rating downgraded to BB+ from BBB on license suspension
SDBL · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹73.55
prior close
₹73.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.0-0.0+0.3——————————
Up moveDown movePending
AI summary
Infomerics Ratings has revised Som Distilleries and Breweries' long-term bank facilities rating to BB+ with stable outlook from earlier BBB, and short-term rating to A4+ from A3+. The downgrade reflects the impact of the temporary suspension of the company's manufacturing license by the Excise Department. Subsidiary Woodpecker Distilleries received the same revised ratings.
Likely market impact
Rating downgrade to sub-investment grade may raise borrowing costs and signals operational risk from license suspension.