Credit rating agency Brickwork Ratings India has reaffirmed ‘AA-’ rating to Trent’s Non-Convertible Debentures (NCDs) amounting Rs 75 crore issued on a private placement basis, listed on National Stock Exchange of India
The instruments with the rating ‘AA-’ are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.
