Future Retail has informed that pursuant to Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), the Company has received intimation vide email/ letter dated 16th April, 2021 in connection with credit rating, the details of which are as enclosed. Fitch Ratings has reaffirmed rating at 'C' of USD denominated Notes (listed on SGX), while revising the Recovery Rating to 'RR5' from 'RR4'. Fitch has removed the Rating Watch Positive (RWP). The removal of the RWP underscores the significant delay in completing the sale to Reliance Group.
The above information is a part of company’s filings submitted to BSE.
