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CRISIL revises rating of Shoppers Stop’s commercial paper to ‘A2+’

02 Sep 2017 Evaluate

Credit rating agency, CRISIL has revised the rating of Shoppers Stop’s commercial paper worth Rs 100 crore from ‘A1’ to ‘A2+’. This downward rating provides for susceptibility of operating profitability due to economic downturn, demand volatility and financial exposure to subsidiaries.

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.

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Company Name CMP
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