UPDATE ON THE REVISION OF CREDIT RATING OF THE WOODPECKER DISTILLERIES AND BREWERIES PRIVATE LIMITED AND SOM DISTILLERIES AND BREWERIES ODISHA PRIVATE LIMITED - OUR SUBSIDIARY COMPANY
SDBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has downgraded the bank loan ratings of two subsidiaries of Som Distilleries & Breweries Ltd from BBB+ to BBB. The downgrade was communicated on 13th May 2026. The primary reason cited is the temporary non-availability of the promoter company's credit strength as a supporting factor in the subsidiaries' rating assessment. The company has stated that this rating action reflects an interim development and does not materially impact the operational fundamentals, financial discipline, or long-term business prospects of the company and its subsidiaries.
The downgrade from BBB+ to BBB indicates slightly increased credit risk for the subsidiaries, though the rating remains investment grade. This may raise concerns about the subsidiaries' standalone creditworthiness without parent support, which investors and lenders will likely monitor closely.