Corporate News 08-Aug-23
Som Distilleries & Breweries receives upgrade in ratings on bank facilities
From ICRA
Som Distilleries & Breweries announced that its long-term bank loan ratings have been upgraded from BBB to BBB+ by ICRA. Similarly, our short-term rating has been upgraded to A2 from A3+. This upgrade reflects the company's continued commitment to financial strength, stability, and strategic growth. This rating upgrade is a testament to the company's strong position within the industry and its ability to navigate evolving market dynamics successfully.
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