SSBLSenior Secured Bank Loan
SSBLSouthern Sudan Beverages Ltd.
SSBLSociety for Screen-Based Learning
SSBLSuper Short Base Line (undersea acoustic transponder systems)
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Should it make this move, EABL will become SSBL's main competitor.
Increasing demand for White Bull and the locally brewed Nile Special Brand has been the main driver of the increase in SSBL production.
ICRA also reaffirmed the LBB+ rating set to SSBL's INR87.5m long-term fund-based bank facilities.
The ratings continue to be constrained by the inherent volatility in SSBL's prime business of equity broking which is prone to cyclical downturns, SSBL's relatively smaller presence in equity broking with a declining market share, the low diversification of the business revenues, the current low capitalisation level which is further partly blocked by the proprietary trading portfolio, the moderate profitability and moderate asset quality.
SSBL, which invested US$37 million in construction of the brewing plant in Juba, plans for further investments during the next year to improve capacity and develop the route to market assets.