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India Ratings & Research assigns new ‘A1’ rating for CP programme of Shoppers Stop

19 Dec 2012 Evaluate

Credit rating agency, India Ratings & Research has assigned the new rating of ‘A1’ for commercial paper (CP) programme of Shoppers Stop worth Rs 50 crore. The earlier rating was ‘A1+’.

Further, the rating agency has also assigned the new rating of ‘A1’ for short term debt programme of the company worth Rs 50 crore. The earlier rating was ‘A1+’.

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 3166.00
Trent 2715.85
Vishal Mega Mart 87.00
PN Gadgil Jewellers 571.95
Aditya Birla Life 70.53
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