Credit rating agency, CARE has reaffirmed A1+ rating assigned to the commercial paper (series I) worth Rs 100 crore of Shoppers Stop. The company has received the said rating affirmation on the back of experienced promoters and management, track record of Shoppers Stop being one of the leading departmental stores with strong brand loyalty among its customers.
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.
