Credit rating agency, CARE has assigned ratings to bank facilities of Shoppers Stop. The credit rating agency has assigned ‘A’ rating to the long-term bank facilities amounting Rs 682 crore while the agency has assigned ‘A1’ rating to short-term bank facilities amounting Rs 21.50 crore. The agency has also assigned ‘A1’ rating to Commercial Paper Issue/ Short Term Debt Issue amounting to Rs. 100 crore while ‘A’ rating to Non-Convertible Debenture issue amounting to Rs. 100 crore.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
