Som Distilleries & Breweries Limited has informed the Exchange about Credit Rating- New
SDBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Infomerics Ratings has downgraded Som Distilleries' long-term bank facilities rating from A- to BBB+, and its short-term rating from A2+ to A2. The downgrade is primarily due to the temporary suspension of the company's manufacturing license by the Excise Department. The same revision applies to subsidiary Woodpecker Distilleries and Breweries Private Limited, whose ratings were also moved to BBB+/A2 from A-/A2+. Both entities remain in the investment-grade category, though at a lower tier.
This is a credit negative — the lower rating may increase borrowing costs and signals regulatory headwinds from the excise license suspension. Shareholders should monitor the resolution of the license issue, as sustained operational disruption could pressure margins and investor sentiment.