Som Distilleries & Breweries Limited has informed the Exchange about UPDATE ON REVISION OF CREDIT RATING OF THE WOODPECKER DISTILLERIES AND BREWERIES PRIVATE LIMITED AND SOM DISTILLERIES & BREWERIES ODISHA PRIVATE LIMITED - OUR SUBSIDIARY COMPANY
SDBL · price
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ICRA Limited has revised the bank loan ratings of two subsidiaries of Som Distilleries & Breweries Limited (SDBL) from BBB+ to BBB. The downgrade reflects the temporary non-availability of the promoter company's credit strength as a supporting factor in the rating assessment. SDBL has clarified that this is an interim development and does not materially impact the operational fundamentals, financial discipline, or long-term business prospects of the company or its subsidiaries.
The one-notch downgrade to BBB still maintains an investment-grade rating, but signals reduced reliance on promoter support. This could create minor negative sentiment around SDBL's creditworthiness, though the company has sought to reassure investors about business stability.