India Ratings & Research Upgrades ABD’s Rating by Two Notches to ‘IND AA-‘ with Stable Outlook
Allied Blenders and Distillers (ABD) has received a two-notch credit rating upgrade to 'IND AA-' from India Ratings & Research. The company attributes this to improved financial performance, premiumization of its product portfolio, and operational resilience.
Why it matters
A credit rating upgrade indicates improved financial health and lower risk for investors, reflecting the company's successful execution of its growth strategy.
Mumbai, Maharashtra, India – Business Wire India
Allied Blenders and Distillers Limited (ABD), one of India’s leading spirits companies and the country’s largest exporter by volume, today announced that India Ratings & Research (Ind-Ra) has upgraded the rating on the company’s bank facilities by two notches from ‘IND A’ to ‘IND AA-’ with a Stable Outlook .
Commenting on the rating upgrade, Amar Sinha, Managing Director of ABD , stated, “ This two-notch upgrade to IND AA- with a Stable Outlook is an important affirmation of ABD’s evolving financial profile and the sustained progress we are making across scale, profitability and balance-sheet strength. It reflects the discipline with which we are executing our premiumization agenda, improving operating resilience and investing in long-term capabilities, including backward integration. We remain focused on building a stronger, more agile and future-ready ABD while continuing to pursue growth with financial prudence. ”
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