Som Distilleries & Breweries Limited — Credit Ratings, 31-03-2026: Credit Rating- New

Infomerics Ratings has downgraded Som Distilleries and Breweries' long-term bank facilities to BBB+ from A- and its short-term rating to A2 from A2+. Similar revisions apply to its subsidiary. This downgrade highlights concerns stemming from the temporary suspension of the company's manufacturing license by the Excise Department.