ALLIED BLENDERS AND DISTILLERS : CREDIT RATING UPGRADED TO IND AA-/STABLE

• India Ratings and Research has upgraded the long-term bank facilities of Allied Blenders and Distillers Limited to IND AA-/Stable. • The short-term bank facilities have been upgraded to IND A1+. • New facilities have also been rated IND AA-/Stable/IND A1+. • The rating action has been upgraded. • Impact: Rating upgrade provides greater financial flexibility and potentially lower borrowing costs.

Allied Blenders and Distillers Limited

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