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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.

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