MoneyWorks4Me

India Ratings upgrades ratings assigned to Shoppers Stop’s bank facilities

28 Jun 2018 Evaluate

Credit rating agency, India Ratings and Research has upgraded rating to ‘A1+’ from ‘A1’ assigned to Shoppers Stop’s Short-term debt/Commercial Paper (CP) worth Rs 1,000 crore. The rating agency has also upgraded rating to ‘A1+’ from ‘A1’ assigned to the company’s CP worth Rs 500 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.

Peers
Company Name CMP
Avenue Supermarts 3687.90
Trent 2804.40
Vishal Mega Mart 101.50
Aditya Birla Life 83.43
PN Gadgil Jewellers 613.50
View more..