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Acuite Ratings & Research reaffirms rating of Future Retail

29 Feb 2020 Evaluate

Credit Rating Agency -- Acuite Ratings & Research has reaffirmed rating of Future Retail’s Commercial papers at ‘A1+’ and Non-Convertible Debentures (NCDs) (proposed) at ‘AA’ (Outlook Negative) on February 28, 2020.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

Peers
Company Name CMP
Avenue Supermarts 3835.00
Trent 2780.40
Vishal Mega Mart 106.40
PN Gadgil Jewellers 604.75
Aditya Birla Life 79.93
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