Credit Analysis & Research (CARE) has assigned ‘A’ rating to the Shoppers Stop’s Banking facilities worth Rs 461.50 crore (enhanced from Rs 401.50 crore) and Non Convertible Debenture worth Rs 100.00 crore
The credit rating agency has also assigned ‘A1+’ rating to the company’s Commercial paper / Short Term Debt Issue (Series I) worth Rs 100.00 crore and Commercial paper / Short Term Debt issue (Series II) worth Rs 40.00 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.
