Som secures A- rating

Som Distilleries and Breweries Ltd.  has announced the upgradation of their bank loan rating from BBB+ to A-. The new rating has been given by Infomerics Ratings, marking a significant achievement in the Som’s financial and operational journey, the company said.

This upgraded rating highlights the company’s solid financial health, prudent risk management strategies, and continuous focus on operational excellence. It serves as a testament to the robust performance of Som Distilleries and Breweries Ltd. and reflects their commitment to delivering value to their stakeholders.

This upgraded rating not only enhances their market position but also strengthens Som’s ability to pursue future growth opportunities.

On advanced rating, Nakul Sethi, Director Finance & Strategy of Som Distilleries and Breweries Ltd., stated, “The rating upgrade reflects our strong business fundamentals and the relentless efforts of our entire team. We are confident that our ratings will continue to improve, supported by our strong fundamentals, strategic initiatives, and commitment to innovation. Our focus on enhancing operational efficiency, expanding our market presence, and maintaining robust financial management positions us well for sustainable growth.”

“We believe this milestone will enable us to continue meeting the evolving needs of our customers and partners while expanding our footprint in the industry,” he further added.