Associated Alcohols & Breweries' credit rating outlook upgraded to A-/Positive

Associated Alcohols & Breweries Limited announced on October 31, 2025, that CRISIL Ratings has upgraded its credit rating for the company's bank facilities. The long-term rating has been revised from 'Crisil A-/Stable' to 'Crisil A-/Positive' (Outlook revised from 'Stable'; Rating Reaffirmed), and the short-term rating of 'Crisil A2+' has been reaffirmed.

The total bank loan facilities rated amount to INR 160 Crore. This upgrade signifies an improved outlook on the company's financial stability and repayment capabilities for its debt instruments. The new rating is effective as of October 31, 2025, and is valid until March 31, 2026.

The company's bank facilities include various lines of credit and bank guarantees across multiple financial institutions such as IDBI Bank, Axis Bank, HDFC Bank, and Kotak Mahindra Bank.