Globus Spirits Ltd Receives A+ Credit Rating from ICRA
Filing Summary
Globus Spirits Ltd has been assigned an A+ credit rating with a stable outlook by ICRA Limited for its long-term fund-based bank facilities. The rating applies to both cash credit and term loan facilities. The total rated amount for these facilities is INR 744 crore. This rating action was communicated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating will be subject to surveillance within one year from the date of the rating communication letter. ICRA reserves the right to review and revise the rating based on new information.
On November 11, 2025, Globus Spirits Ltd announced that ICRA Limited has assigned an A+ credit rating with a stable outlook to its long-term fund-based bank facilities. This rating applies to both the cash credit and term loan facilities of the company.
The total rated amount for these facilities is INR 744 crore. Specifically, the cash credit facilities are rated at INR 390 crore, while the term loan facilities are rated at INR 354 crore. This rating assignment is in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The rating will be subject to surveillance within one year from the date of the rating communication letter. ICRA reserves the right to review and revise the rating based on new information or circumstances that may impact the rating. The rating is specific to the terms and conditions of the instruments as indicated by the company, and any changes in these terms or size would require a review of the rating by ICRA.
Globus Spirits Ltd is required to inform ICRA about any default or delay in repayment of interest or principal amount of the rated instrument, or any other debt instruments/borrowings. The company must also keep ICRA informed of any developments that may have a direct or indirect impact on its debt servicing capability.
Globus Spirits Ltd is a prominent player in the Indian alcoholic beverages industry, focusing on the production and sale of Indian Made Foreign Liquor (IMFL) and country liquor. The company prioritizes expanding its market presence and enhancing its product portfolio to cater to diverse consumer preferences.